Estimates for PG&E Corporation (PCG - Free Report) have been revised upward in the past 60 days, reflecting analysts’ optimism in the stock. The Zacks Consensus Estimate for 2018 and 2019 earnings has moved 0.8% and 0.3% upward, respectively.
The company is involved in the business of electricity and natural gas distribution; electricity generation, procurement, and transmission; and natural gas procurement, transportation and storage.
Let’s focus on the factors that make PG&E Corp. a profitable bet at the moment.
Zacks Rank & Surprise History
PG&E Corp. currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The company delivered average positive earnings surprise of 0.66% in the past four quarters.
VGM Score
The stock has an impressive VGM Score of A. Here V stands for Value, G for Growth and M for Momentum, with the score being a weighted combination of all the three factors. Back-tested results show that stocks with a favorable VGM Score of A or B coupled with a solid Zacks Rank offer the best investment options.
Growth Projections
The Zacks Consensus Estimate for 2018 and 2019 earnings per share is pegged at $3.83 and $3.99, reflecting year-over-year improvement of 4.08% and 4.39% respectively. Its estimated long-term earnings growth rate is pegged at 3.50%.
Strong Portfolio
PG&E Corp. has a solid portfolio of regulated utility assets that offer a stable earnings base and substantial long-term growth potential. The company strives to optimize generation margins by improving the cost structure, performance and reliability of its nuclear and fossil fuel-fired units. The company’s stable cash generating capacity, investments in infrastructure projects and steady growth in customer count are expected to drive future growth.
Other Key Picks
Other top-ranked stocks from the same industry include Ameren Corporation (AEE - Free Report) , FirstEnergy Corporation (FE - Free Report) and Duke Energy Corporation (DUK - Free Report) , each carrying a Zacks Rank #2.
The Zacks Consensus Estimate for Ameren’s 2018 earnings has moved up 3.7% in the past 90 days. The company came up with a positive earnings surprise of 17.19% in the last reported quarter.
The Zacks Consensus Estimate for FirstEnergy’s 2018 earnings has been revised 3.7% upward in the past 90 days. The company delivered a positive earnings surprise of 9.59% in the last reported quarter.
The Zacks Consensus Estimate for Duke Energy’s 2018 earnings has inched up 0.4% in the past 90 days. The company came up with a positive earnings surprise of 7.84% in the last reported quarter.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Estimates for PG&E Corporation (PCG - Free Report) have been revised upward in the past 60 days, reflecting analysts’ optimism in the stock. The Zacks Consensus Estimate for 2018 and 2019 earnings has moved 0.8% and 0.3% upward, respectively.
The company is involved in the business of electricity and natural gas distribution; electricity generation, procurement, and transmission; and natural gas procurement, transportation and storage.
Let’s focus on the factors that make PG&E Corp. a profitable bet at the moment.
Zacks Rank & Surprise History
PG&E Corp. currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The company delivered average positive earnings surprise of 0.66% in the past four quarters.
VGM Score
The stock has an impressive VGM Score of A. Here V stands for Value, G for Growth and M for Momentum, with the score being a weighted combination of all the three factors. Back-tested results show that stocks with a favorable VGM Score of A or B coupled with a solid Zacks Rank offer the best investment options.
Growth Projections
The Zacks Consensus Estimate for 2018 and 2019 earnings per share is pegged at $3.83 and $3.99, reflecting year-over-year improvement of 4.08% and 4.39% respectively. Its estimated long-term earnings growth rate is pegged at 3.50%.
Strong Portfolio
PG&E Corp. has a solid portfolio of regulated utility assets that offer a stable earnings base and substantial long-term growth potential. The company strives to optimize generation margins by improving the cost structure, performance and reliability of its nuclear and fossil fuel-fired units. The company’s stable cash generating capacity, investments in infrastructure projects and steady growth in customer count are expected to drive future growth.
Other Key Picks
Other top-ranked stocks from the same industry include Ameren Corporation (AEE - Free Report) , FirstEnergy Corporation (FE - Free Report) and Duke Energy Corporation (DUK - Free Report) , each carrying a Zacks Rank #2.
The Zacks Consensus Estimate for Ameren’s 2018 earnings has moved up 3.7% in the past 90 days. The company came up with a positive earnings surprise of 17.19% in the last reported quarter.
The Zacks Consensus Estimate for FirstEnergy’s 2018 earnings has been revised 3.7% upward in the past 90 days. The company delivered a positive earnings surprise of 9.59% in the last reported quarter.
The Zacks Consensus Estimate for Duke Energy’s 2018 earnings has inched up 0.4% in the past 90 days. The company came up with a positive earnings surprise of 7.84% in the last reported quarter.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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