We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PG&E Corp (PCG) Up 2.4% Since Earnings Report: Can It Continue?
Read MoreHide Full Article
It has been about a month since the last earnings report for PG&E Corporation (PCG - Free Report) . Shares have added about 2.4% in that time frame, outperforming the market.
Will the recent positive trend continue leading up to the stock's next earnings release, or is it due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
PG&E Corp. Beats on Q1 Earnings, Revenues Increase Y/Y
PG&E Corp’s adjusted operating earnings per share (EPS) of $1.06 in the first quarter of 2017 surpassed the Zacks Consensus Estimate of $0.83 by 27.7%. Earnings were also up 29.3% from $0.82 reported in the year-ago quarter.
GAAP earnings during the quarter were $1.13 per share, compared with $0.22 a year ago.
Revenue Update
In the first quarter, the company reported revenues of $4,268 million, up 7.4% from $3,974 million in the year-ago period. The figure also surpassed the Zacks Consensus Estimate of $4,149 million by 2.9%.
Electric revenues were down 2.1% from the year-ago levels, while natural gas revenues rose 42.7%.
Operational Highlights
Total operating expenses in the first quarter were $3,388 million, down 12.7% from $3,879 million in the year-ago period. Costs declined due to lower cost of electricity, and operation and maintenance expenses.
Operating income came in at $880 million, up from $95 million in the first quarter of 2016.
Interest expenses in the quarter were $218 million, compared with $203 million in the year-ago quarter.
Guidance
The company has reiterated its guidance for 2017 adjusted earnings from operations in the range of $3.55−$3.75 per share.
How Have Estimates Been Moving Since Then?
Analysts were quiet during the last one month period as none of them issued any earnings estimate revisions.
At this time, PG&E Corp's stock has a nice Growth Score of 'B', though it is lagging a bit on the momentum front with a 'C'. The stock was allocated a grade of 'B' on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of 'B'. If you aren't focused on one strategy, this score is the one you should be interested in.
Zacks' style scores indicate that the company's stock is suitable more for value and growth investors than momentum investors.
Outlook
The stock has a Zacks Rank #3 (Hold). We are expecting an inline return from the stock in the next few months.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
PG&E Corp (PCG) Up 2.4% Since Earnings Report: Can It Continue?
It has been about a month since the last earnings report for PG&E Corporation (PCG - Free Report) . Shares have added about 2.4% in that time frame, outperforming the market.
Will the recent positive trend continue leading up to the stock's next earnings release, or is it due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
PG&E Corp. Beats on Q1 Earnings, Revenues Increase Y/Y
PG&E Corp’s adjusted operating earnings per share (EPS) of $1.06 in the first quarter of 2017 surpassed the Zacks Consensus Estimate of $0.83 by 27.7%. Earnings were also up 29.3% from $0.82 reported in the year-ago quarter.
GAAP earnings during the quarter were $1.13 per share, compared with $0.22 a year ago.
Revenue Update
In the first quarter, the company reported revenues of $4,268 million, up 7.4% from $3,974 million in the year-ago period. The figure also surpassed the Zacks Consensus Estimate of $4,149 million by 2.9%.
Electric revenues were down 2.1% from the year-ago levels, while natural gas revenues rose 42.7%.
Operational Highlights
Total operating expenses in the first quarter were $3,388 million, down 12.7% from $3,879 million in the year-ago period. Costs declined due to lower cost of electricity, and operation and maintenance expenses.
Operating income came in at $880 million, up from $95 million in the first quarter of 2016.
Interest expenses in the quarter were $218 million, compared with $203 million in the year-ago quarter.
Guidance
The company has reiterated its guidance for 2017 adjusted earnings from operations in the range of $3.55−$3.75 per share.
How Have Estimates Been Moving Since Then?
Analysts were quiet during the last one month period as none of them issued any earnings estimate revisions.
PG&E Corporation Price and Consensus
PG&E Corporation Price and Consensus | Pacific Gas & Electric Co. Quote
VGM Scores
At this time, PG&E Corp's stock has a nice Growth Score of 'B', though it is lagging a bit on the momentum front with a 'C'. The stock was allocated a grade of 'B' on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of 'B'. If you aren't focused on one strategy, this score is the one you should be interested in.
Zacks' style scores indicate that the company's stock is suitable more for value and growth investors than momentum investors.
Outlook
The stock has a Zacks Rank #3 (Hold). We are expecting an inline return from the stock in the next few months.