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PG&E Corporation (PCG) Beats on Q2 Earnings, Revenues Lag
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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, below-normal-temperature remain potential setbacks.
Estimate Trend & Surprise History
Investors should note that the second-quarter Zacks Consensus Estimate for earnings of 95 cents per share dropped by a penny in the last 7 days.
Coming to the earnings surprise history, PG&E Corporation has surpassed the Zacks Consensus Estimate in two out of last four quarters, resulting in a positive average surprise of 1.92%.
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. The company's adjusted earnings per share came in at $1.16 per share, which beat the Zacks Consensus Estimate of 95 cents per share by 22.1%.
Revenue: PG&E Corporation’s total revenue of $4,234 million however missed the Zacks Consensus Estimate of $4,291 million by 1.3%.
Key Stats: The company announced a new goal to reduce 1 million tons of greenhouse-gas emissions its operations through 2022.
Stock Price: In the pre-market trading session, PG&E Corporation’s second-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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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PG&E Corporation (PCG) Beats on Q2 Earnings, Revenues Lag
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, below-normal-temperature remain potential setbacks.
Estimate Trend & Surprise History
Investors should note that the second-quarter Zacks Consensus Estimate for earnings of 95 cents per share dropped by a penny in the last 7 days.
Coming to the earnings surprise history, PG&E Corporation has surpassed the Zacks Consensus Estimate in two out of last four quarters, resulting in a positive average surprise of 1.92%.
Zacks Rank: Currently, PG&E Corporation has a Zacks Rank #3 (Hold) but that could change following its second 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 above our earnings estimates. The company's adjusted earnings per share came in at $1.16 per share, which beat the Zacks Consensus Estimate of 95 cents per share by 22.1%.
Revenue: PG&E Corporation’s total revenue of $4,234 million however missed the Zacks Consensus Estimate of $4,291 million by 1.3%.
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 announced a new goal to reduce 1 million tons of greenhouse-gas emissions its operations through 2022.
Stock Price: In the pre-market trading session, PG&E Corporation’s second-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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>