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 Corporation (PCG - Free Report) , 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.’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 fourth quarter Zacks Consensus Estimate for earnings of $1.29 per share has decreased by 1.5% in the last 30 days.
Coming to the earnings surprise history, PG&E Corporation has missed the Zacks Consensus Estimate in two out of the last four quarters, resulting in a negative average surprise of 6.34%.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: PG&E Corporation’s earnings were above our earnings estimates. Adjusted earnings per share came in at $1.33, beating the Zacks Consensus Estimate of $1.29 per share by 3.1%.
Key Stats: The company reaffirmed its adjusted EPS for 2017 in the range of $3.55-$3.75 per share.
Stock Price: In the pre-market trading session, PG&E Corporation’s fourth quarter results made no significant impact on its share price. Yet, it would be interesting to see how the market reacts to the earnings release during the trading session today.
Check back later for our full write up on this PCG earnings report later!
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
PG&E Corp (PCG) Tops Q4 Earnings, Keeps FY17 View
PG&E Corporation (PCG - Free Report) , 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.’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 fourth quarter Zacks Consensus Estimate for earnings of $1.29 per share has decreased by 1.5% in the last 30 days.
Coming to the earnings surprise history, PG&E Corporation has missed the Zacks Consensus Estimate in two out of the last four quarters, resulting in a negative average surprise of 6.34%.
Zacks Rank: Currently, PG&E Corporation has a Zacks Rank #3 (Hold) but that could change following its fourth quarter and full year 2016 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 above our earnings estimates. Adjusted earnings per share came in at $1.33, beating the Zacks Consensus Estimate of $1.29 per share by 3.1%.
Pacific Gas & Electric Co. Price and EPS Surprise
Pacific Gas & Electric Co. Price and EPS Surprise | Pacific Gas & Electric Co. Quote
Key Stats: The company reaffirmed its adjusted EPS for 2017 in the range of $3.55-$3.75 per share.
Stock Price: In the pre-market trading session, PG&E Corporation’s fourth quarter results made no significant impact on its share price. Yet, it would be interesting to see how the market reacts to the earnings release during the trading session today.
Check back later for our full write up on this PCG earnings report later!
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>