SSE Lifts EPS Guidance on Higher Profits -- Market Talk

Dow Jones

Jan 20, 2023

1113 GMT - SSE lifts fiscal 2023 adjusted earnings per share guidance to more than 150 pence from at least 120 pence, an uplift that reflects higher profit from combined-cycle gas turbines and contribution from gas storage optimization, Citi says. The energy company is benefiting from reduced risk around the electricity generator levy and lower commodity prices reducing potential costs, Citi analysts Jenny Ping and Rory Graham-Watson say in a note. "For us, key is to understand the sustainability of the earnings and while a better balance sheet is definitely a positive for the shares, it remains to be seen how the company delivers value on its overseas investments," the bank says. Citi retains its neutral rating and 1,664 pence price target on the stock. Shares rise 1.7% to 1,731.0 pence. (joseph.hoppe@wsj.com)

(END) Dow Jones Newswires

January 20, 2023 06:13 ET (11:13 GMT)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2304365719"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2304365719\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2304365719?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-01-20 19:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2304365719","market":"hk","top_or_hot":-1,"title":"SSE Lifts EPS Guidance on Higher Profits -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1113 GMT - SSE lifts fiscal 2023 adjusted earnings per share guidance to more than 150 pence from at least 120 pence, an uplift that reflects higher profit from combined-cycle gas turbines and contribution from gas storage optimization, Citi says. The energy company is benefiting from reduced risk around the electricity generator levy and lower commodity prices reducing potential costs, Citi analysts Jenny Ping and Rory Graham-Watson say in a note. \"For us, key is to understand the sustainability of the earnings and while a better balance sheet is definitely a positive for the shares, it remains to be seen how the company delivers value on its overseas investments,\" the bank says. Citi retains its neutral rating and 1,664 pence price target on the stock. Shares rise 1.7% to 1,731.0 pence. 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The energy company is benefiting from reduced risk around the electricity generator levy and lower commodity prices reducing potential costs, Citi analysts Jenny Ping and Rory Graham-Watson say in a note. \"For us, key is to understand the sustainability of the earnings and while a better balance sheet is definitely a positive for the shares, it remains to be seen how the company delivers value on its overseas investments,\" the bank says. Citi retains its neutral rating and 1,664 pence price target on the stock. Shares rise 1.7% to 1,731.0 pence. (joseph.hoppe@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 20, 2023 06:13 ET (11:13 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GUID","symbol_name":"Guident","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2304365719","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2304365719","pubTimestamp":1674213180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1113 GMT - SSE lifts fiscal 2023 adjusted earnings per share guidance to more than 150 pence from at","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GUID":"Guident","SSEZY":"SSE Plc"},"translate_title":"上交所提高每股收益指引——市场对话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GUID":1,"SSE":1,"SSEZY":0.9},"content_text":"1113 GMT - SSE lifts fiscal 2023 adjusted earnings per share guidance to more than 150 pence from at least 120 pence, an uplift that reflects higher profit from combined-cycle gas turbines and contribution from gas storage optimization, Citi says. The energy company is benefiting from reduced risk around the electricity generator levy and lower commodity prices reducing potential costs, Citi analysts Jenny Ping and Rory Graham-Watson say in a note. \"For us, key is to understand the sustainability of the earnings and while a better balance sheet is definitely a positive for the shares, it remains to be seen how the company delivers value on its overseas investments,\" the bank says. Citi retains its neutral rating and 1,664 pence price target on the stock. Shares rise 1.7% to 1,731.0 pence. (joseph.hoppe@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 20, 2023 06:13 ET (11:13 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}