PG&E Corp. (PCG) Misses Q4 Earnings Estimate, Beats Revenues – Tale of the Tape

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, penalties levied for the San Bruno and Carmel incidents, stringent environmental regulations and several operational risks remain potential setbacks.

Estimate Trend & Surprise History

Investors should note that the recent earnings estimate for PG&E Corp. has moved upward over the past 30 days. The company currently has a Zacks Rank #1 (Strong Buy).

Coming to the earnings surprise, PG&E Corp. has surpassed the Zacks Consensus Estimate in two of the last four quarters with an average beat of 6.71%.

Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:

Earnings: PG&E Corp. missed in the fourth quarter by a penny. Our consensus called for fourth-quarter EPS of 54 cents, and the company reported EPS of 53 cents.

Revenue: PG&E Corp. beat the revenue estimates in the fourth quarter. The company posted revenues of $4,308 million in the fourth quarter, compared to our consensus estimate of $3897 million.

Key Stats to Note: In the fourth quarter, Electric business generated revenues of $3,412 million while Natural Gas clocked revenues of $896 million.

Stock Price: Shares were down almost 1.4% following the release. It would be interesting to see how the market reacts to the results during the trading session today.

Check back later for our full write up on this PCG earnings report later!

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