PG&E Corporation (NYSE:PCG) , a diversified utility holding company, engages in the business of electricity and natural gas distribution; electricity generation, procurement, and transmission; and natural gas procurement, transportation and storage.
Stable financial position, steady growth in customer counts, a well-set of utility assets and disciplined investments in infrastructure projects will likely boost PG&E Corp.’s future performance In addition, the company’s practice of paying dividend is commendable.
However, warmer-than-normal winter remain potential setbacks.
Estimate Trend & Surprise History
Investors should note that the first-quarter Zacks Consensus Estimate for earnings of $1.03 per share remained unchanged in the last 7 days.
Coming to the earnings surprise history, PG&E Corporation has surpassed the Zacks Consensus Estimate in three out of last four quarters, resulting in a positive average surprise of 11.76%.
Zacks Rank: Currently, PG&E Corporation has a Zacks Rank #3 (Hold) but that could change following its first quarter 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: PG&E Corporation’s earnings were below our earnings estimates. The company's adjusted earnings per share came in at 91 cents per share, which missed the Zacks Consensus Estimate of $1.03 per share by 11.7%.
Revenue: PG&E Corporation’s total revenue of $4,056 million also missed the Zacks Consensus Estimate of $4,233 million by 4.2%.
Pacific Gas & Electric Co. Price and EPS Surprise
Pacific Gas & Electric Co. Price and EPS Surprise | Pacific Gas & Electric Co. Quote
Key Stats: Lower year-over-year revenues from electric and natural gas segments led to lower earnings in first quarter.
Stock Price: In the pre-market trading session, PG&E Corporation’s first-quarter results made no significant impact on its share price. Yet, it would be interesting to see how the market reacts to the earnings release during the trading session today.
Check back later for our full write up on this PCG earnings report later!
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Pacific Gas & Electric Co. (PCG): Free Stock Analysis Report
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