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PG&E Corporation (PCG) Beats on Earnings & Revenues

PG&E Corporation PCG, 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 recent earnings estimate for PG&E Corp. has remained stable over the past 30 days. The company currently has a Zacks Rank #3 (Hold).

Coming to the earnings surprise, PG&E Corp. has surpassed the Zacks Consensus Estimate in three of the last four quarters with an average beat of 12.13%.

Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:

Earnings: PG&E Corp. beat earnings estimates in the first quarter 2016 results. Our consensus called for EPS of 76 cents, and the company reported EPS of 82 cents.

Revenue: The company also surpassed on revenues. Our consensus called for revenues of $3,859 million, and the company reported revenues of $3,974 million

Check back later for our full write up on this PCG earnings report later!

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