PPL Corporation (PPL) earnings on August 7, 2026

Before the market opens Q2 2026

More PPL Corporation earnings

Prior outlook: Pessimistic Outcome: Missed

PPL's stock rose 2.4% despite missing profit and sales estimates, as the company reaffirmed its outlook and expects stronger growth later this year.

PPL price around the earnings

35.46

Change: +2.4%

2026-08-07, 20:00 UTC

Start of the measured window End of the measured window
34.10 34.61 35.12 35.63 34.64
Price series around the eventClosing price per minute from before the event to the end of the measured window.
August 7, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Missed

Thesis published
Results released

Cautious outlook; the scenario is pessimistic

Analysts cite a decent upside to the price target, but the stock has been falling and past earnings reports have been mixed, so the overall outlook is cautious.

Context analyzed before publication

Summary
Cautious outlook; the scenario is pessimistic
Playbook
The stock has been declining steadily over recent days, and it is now near a support level. Analyst price targets cite potential upside, but the recent trend is negative.
Trend
Expert sentiment worsening over recent days

Analysts

Drivers

  • Analysts Positive

    Analysts rate it a buy, with a price target of $42, citing about 20% upside. One firm recently raised its target to $40.

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.69
Analysts covering the stock
15
Average price target
41.6
Lowest price target
36
Highest price target
48
Upside to price target
20.2%
Quarterly earnings growth
9.2%
Revenue growth
10.8%
Forward EPS
2.12
Trailing EPS
1.61
Analyst moves in the last 60 days
4
  • Strong buy: 3
  • Buy: 9
  • Hold: 4
  • Sell: 0
  • Strong sell: 0
Strong buy
3
Buy
9
Hold
4
Sell
0
Strong sell
0
  • July 22, 2026 · BMO Capital: Maintains rating (Outperform → Outperform)
  • July 20, 2026 · B of A Securities: Maintains rating (Buy → Buy)
  • July 16, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
  • July 14, 2026 · Barclays: Maintains rating (Overweight → Overweight)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
95.7%
News
Sources (5)

Technicals

Drivers

  • Technical Negative

    The stock's trend is weak, falling about 4-5% over the past month and underperforming the market by 7.6%. It is approaching a support level around $34.57.

Evidence

Price when the context was analyzed
34.64
Average true range (ATR)
2%
Distance to 52-week high
-12.3%
14-day change (14d)
-4.4%
30-day change (30d)
-4.8%
30-day relative strength
-7.6%
SPY change (30d)
+2.8%
Nearest support
34.57
Distance to nearest support
0.2%
Nearest resistance
34.87
Distance to nearest resistance
0.7%
Volume accumulation ratio (14d / 46d)
0.93
  • Major: 34.57 (0.2% away, 0.11 ATR, 31 touches)
  • Major: 34.43 (0.6% away, 0.3 ATR, 28 touches)
  • Major: 34.22 (1.2% away, 0.61 ATR, 33 touches)
  • Major: 34.87 (0.7% away, 0.32 ATR, 29 touches)
  • Major: 34.99 (1% away, 0.5 ATR, 29 touches)
  • Major: 35.11 (1.4% away, 0.67 ATR, 49 touches)

Trends

Evidence

Average earnings surprise
-2.8%
  • May 8, 2026: actual EPS 0.63 vs estimate 0.62 (surprise +2.1%)
  • February 20, 2026: actual EPS 0.41 vs estimate 0.42 (surprise -1.3%)
  • November 5, 2025: actual EPS 0.48 vs estimate 0.46 (surprise +5.3%)
  • July 31, 2025: actual EPS 0.32 vs estimate 0.39 (surprise -17.2%)

Expected move

Drivers

  • Past earnings Neutral

    Historically, the company has beaten earnings expectations only half the time, with an average surprise of -2.8%, indicating mixed results.

Implied move
+1.2%
Source
Options chain

Reactions over its last 20 earnings

Median move
1.3%
75th percentile move
1.8%
90th percentile move
2.4%
Up / down moves
11 / 9
Average up move
+1.1%
Average down move
-2.0%

Monitoring and close

What PPL Corporation reported

Status
Finished
Actual EPS0.33
EPS estimate0.34
EPS surprise-2.9%
Revenue$2,111 million
Revenue estimate$2,190 million
Revenue surprise-3.6%

PPL's adjusted earnings of $0.33 per share missed estimates. Stronger growth is expected in H2 2026, but dividend growth is slower, limiting the optimistic scenario.

Sources (10)

Pre-market second reading after the results

Verdict
Missed expectations

Heading into the open, results came in below expectations on both earnings and revenue, and the price is indicating -0.1% pre-market, a move below the stock's usual reaction (about 1%). The figures don't confirm the prior scenario: that move is too small to draw conclusions from.

How the stock reacted

Outcome
Missed
Consolidated
+2.4%
Max favorable move (MFE)
0.7%
Max adverse move (MAE)
2.9%