Public Service Enterprise Group (PEG) Revenue — Quarter Ended Jun 30, 2024
Revenue declined in the current quarter compared to the prior quarter. The result was essentially flat relative to the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue declined in the current quarter compared to the prior quarter. The result was essentially flat relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.4B
Revenue reported for this quarter.
Quarter-over-quarter
-12.2%
Change from the immediately preceding quarter.
Year-over-year
+0.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $2.5B | +8.1% |
| Dec 31, 2023 | $2.6B | -17.0% |
| Mar 31, 2024 | $2.8B | -26.5% |
| Jun 30, 2024 | $2.4B | +0.1% |
Revenue performance
The reported revenue moved lower from the immediately preceding quarter. This marks a reversal from the sequential trend seen in the prior period.
Quarterly comparison
Compared with the same quarter one year ago, revenue was virtually unchanged. The year-over-year comparison shows stability despite the sequential decline.
What to watch
The sequential revenue decline warrants attention given the flat year-over-year comparison.