PG&E (PCG - Free Report) closed the most recent trading day at $26.75, moving -1.33% from the previous trading session. This move was narrower than the S&P 500's daily loss of 3.24%. At the same time, the Dow lost 3.1%, and the tech-heavy Nasdaq lost 3.8%.
Heading into today, shares of the utility holding company had lost 42.85% over the past month, lagging the Utilities sector's gain of 4.95% and the S&P 500's gain of 2.73% in that time.
PCG will be looking to display strength as it nears its next earnings release, which is expected to be February 8, 2019. In that report, analysts expect PCG to post earnings of $0.61 per share. This would mark a year-over-year decline of 3.17%. Meanwhile, our latest consensus estimate is calling for revenue of $4.31 billion, up 5.1% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.82 per share and revenue of $17.16 billion. These totals would mark changes of +3.8% and +0.17%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for PCG. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.66% higher within the past month. PCG currently has a Zacks Rank of #3 (Hold).
Investors should also note PCG's current valuation metrics, including its Forward P/E ratio of 7.09. This valuation marks a discount compared to its industry's average Forward P/E of 18.92.
We can also see that PCG currently has a PEG ratio of 2.02. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Utility - Electric Power stocks are, on average, holding a PEG ratio of 3.55 based on yesterday's closing prices.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 79, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.