PG&E (PCG) Falls Short Of Earnings & Revenue Estimates In Q1
Zacks Investment Research | May 03, 2018 01:41AM ET
PG&E Corporation (NYSE:PCG) reported adjusted operating earnings per share of 91 cents in first-quarter 2018, which missed the Zacks Consensus Estimate of $1.03 by 11.7%. Earnings were also down 14.2% from $1.06 in the year-ago quarter.
GAAP earnings during the reported quarter were 86 cents per share, down from $1.13 in the prior-year quarter.
Revenue Update
PG&E’s total revenues of $4,056 million missed the Zacks Consensus Estimate of $4,233 million by 4.2%. The top line declined 5% from the year-ago quarter’s level.
Electric revenues were down 3.7% from the prior-year quarter’s tally and natural gas revenues declined 8.1% year over year.
Pacific Gas & Electric Co. Price, Consensus and EPS Surprise
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .
Recent Peer Release
FirstEnergy Corp. (NYSE:FE) reported first-quarter 2018 operating earnings of 67 cents per share, which lagged the Zacks Consensus Estimate of 68 cents by 1.5%.
NextEra Energy, Inc. (NYSE:NEE) reported first-quarter 2018 adjusted earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.78 by 8.9%.
DTE Energy (NYSE:DTE) reported first-quarter 2018 operating earnings per share of $1.91, which beat the Zacks Consensus Estimate of $1.89 by 1.06%.
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