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Sempra Energy reaffirms 2015 EPS outlook, guides 2016 below consensus

Mar. 26, 2015 2:21 PM ETSempra (SRE) StockSREBy: Carl Surran, SA News Editor
  • Sempra Energy (SRE -0.6%) slips a bit after providing an investor presentation that reaffirms its FY 2015 EPS guidance of $4.60-$5.00, compared with $4.84 analyst consensus estimate, but sees 2016 EPS of $4.80-$5.20, below $5.27 consensus.
  • In longer-term guidance, SRE says a build-up of base plan earnings shows it has contracts in place that, in combination with utility operations, yield an ~11% compound annual growth rate, creating EPS in 2019 of $7.00-$7.50.

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