NEW YORK (TheStreet) -- Shares of Public Service Enterprise Group (PEG) - Get Report are gaining by 2.27% to $42.83 in mid-morning trading on Thursday, one day prior to the release of the company's 2015 fourth quarter financial results.
The energy holding company is scheduled to announce its earnings for the 2015 fourth quarter before the market open on Friday morning.
Analysts are expecting Public Service Enterprise Group to post a year over year rise in earnings but a more than 15% decline in its revenue for the most recent quarter.
A survey of analysts by Thomson Reuters shows that the company has been forecast to report earnings of 50 cents per share on revenue of $2.35 billion for the three month period ended December 2015.
Public Service Enterprise Group reported earnings of 49 cents per share on revenue of $2.77 billion for the 2014 fourth quarter.
Based in Newark, NJ- Public Service Enterprise Group is engaged in the transmission of electricity and distribution of electricity and natural gas.
Separately, TheStreet Ratings has set a "buy" rating and a score A- on Public Service Enterprise Group stock. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that TheStreet Ratings covers.
The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. TheStreet Ratings feels its strengths outweigh the fact that the company has had sub par growth in net income.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: PEG