PG&E Corporation 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.
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%.