What changed
$SRE — WATCHLIST 📊 | 6 MONTHS THESIS
🎯 Q1 2026 | Rev $3.7B | EPS $1.28 vs $1.17 🟢
💡 Consensus expected $1.17 EPS, actual $1.28 – a significant positive surprise. However, the stock’s high trailing P/E (30.8x) and poor quantitative momentum suggest the market either doubts sustainability of the beat or sees other risks (rate exposure, regulatory challenges).
📉 Reward/risk: 0.76:1
🏢 Business Quality: 7/10 - Stable regulated utility with diversified gas and electric operations, predictable cash flows, but sensitive to interest rates and California regulatory environment.
📊 Valuation: Fair - Current P/E 30.8x is slightly below its own historical median of 30.9x (cheap vs recent history), but absolute P/E is high for the sector...
🔮 Catalyst: Next quarterly earnings report (likely Q2 2026)
💰 Entry: $90.69, stop $85.0, target $95.0
📊 Our read: WATCHLIST. Full analysis →
https://stockduty.xyz/s/SRE0621