As previously reported before the open, Argus analyst Marie Ferguson downgraded Sempra Energy (SRE) to Hold from Buy. The firm is lowering its rating following the share’s “strong response to slow results and negative guidance,” noting that the company is projecting negative year-over-year earnings comparisons in 2025 versus 2024. The firm expects 2025 to be “a rebuilding period” with a return to growth as 2026 progresses, the analyst tells investors. The firm’s 2025 adjusted EPS estimate is $4.48, down from $5.12 previously, while its 2026 estimate of $5.00 per share implies 12% growth over its 2025 estimate.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SRE:
- Sempra Energy downgraded to Hold from Buy at Argus
- Sempra Energy price target lowered to $78 from $92 at BMO Capital
- Sempra Energy: Strategic Repositioning and Growth Potential Amid Challenges
- Sempra Energy downgraded to Hold from Buy at Jefferies
- Sempra Energy downgraded to Equal Weight from Overweight at Barclays
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue