- PG&E Lowers Full-Year EPS Forecast: The new EPS forecast for PG&E is $1.11 to $1.17, down from the previous forecast of $1.15 to $1.20.
- Second Quarter Adjusted Core EPS: Adjusted core earnings per share (EPS) for the second quarter is 31 cents, compared to 23 cents in the same period last year. Analysts had estimated 30 cents.
- Second Quarter Reported EPS: Reported EPS for the second quarter is 24 cents, higher than last year’s 19 cents.
- Operating Revenue Increases: PG&E reported operating revenue of $5.99 billion for the second quarter, representing a 13% increase from the previous year. Analysts’ estimate was $5.94 billion.
- Operating Expenses Slightly Up: Operating expenses for the second quarter were $4.85 billion, which is a 1.4% increase year-over-year.
- Analyst Ratings: PG&E has 12 buy ratings, 5 hold ratings, and no sell ratings from analysts.
P G & E Corp on Smartkarma
Analysts on Smartkarma, like Baptista Research, have delved into P G & E Corp‘s recent financial performance. In their report titled “PG&E Corporation: Initiation of Coverage,” they highlighted the company’s robust First Quarter 2024 results. P G & E Corp posted a core earnings per share of $0.37 and reiterated its 2024 guidance, foreseeing a range between $1.33 to $1.37. The analysts noted a significant uptick of at least 10% compared to the previous year, signaling positive growth momentum for the corporation. Moreover, P G & E Corp‘s steadfast commitment to long-term expansion, aiming for a yearly growth projection of no less than 9% until 2028, caught the attention of these knowledgeable analysts.
A look at P G & E Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, P G & E Corp is projected to have a positive long-term outlook. With high scores in Value, Growth, and Momentum, the company is positioned well for potential growth and stability in the future. While the dividend and resilience scores are lower, the overall outlook appears favorable for investors looking at the company’s potential.
PG&E Corporation, a holding company with interests in energy-based businesses, operates a public utility in California. This utility offers services including electricity and natural gas distribution, electricity generation and transmission, as well as natural gas procurement and storage. With a focus on the energy sector, PG&E Corporation aims to play a significant role in providing essential services to customers in the region.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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