Factors Likely to Have Influenced Earnings Results PG&E (NYSE:PCG)

Earnings results for PG&E (NYSE:PCG)

Pacific Gas & Electric Co. is expected* to report earnings on 04/29/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.28. The reported EPS for the same quarter last year was $0.89.

PG&E last released its quarterly earnings results on February 25th, 2021. The utilities provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.68 billion. PG&E has generated $3.93 earnings per share over the last year. PG&E has confirmed that its next quarterly earnings report will be published on Thursday, April 29th, 2021.

Analyst Opinion on PG&E (NYSE:PCG)

11 Wall Street analysts have issued ratings and price targets for PG&E in the last 12 months. Their average twelve-month price target is $13.90, predicting that the stock has a possible upside of 28.82%. The high price target for PCG is $15.00 and the low price target for PCG is $12.00. There are currently 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of “Buy.”

PG&E has received a consensus rating of Buy. The company’s average rating score is 2.64, and is based on 7 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $13.90, PG&E has a forecasted upside of 28.8% from its current price of $10.79. PG&E has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: PG&E (NYSE:PCG)

PG&E does not currently pay a dividend. PG&E does not have a long track record of dividend growth.

Insiders buying/selling: PG&E (NYSE:PCG)

In the past three months, PG&E insiders have not sold or bought any company stock. Only 0.14% of the stock of PG&E is held by insiders. 70.10% of the stock of PG&E is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of PG&E (NYSE:PCG

Earnings for PG&E are expected to decrease by -37.50% in the coming year, from $1.60 to $1.00 per share. The P/E ratio of PG&E is -1.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of PG&E is -1.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. PG&E has a PEG Ratio of 4.83. PEG Ratios above 1 indicate that a company could be overvalued. PG&E has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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