PG&E Corporation's Quarterly Earnings Preview: What You Need to Know
Ahead of the event, analysts expect PCG to report a profit of $0.41 per share on a diluted basis, up 32.3% from $0.31 per share in the year-ago quarter. The company beat or matched the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
Nat-Gas Prices Recover as Hotter Temps Forecast for the Central US
Energy Demand Optimism and Houthi Rebel Attacks on Red Sea Shipping Boost Crude Prices
Crude Prices Climb on Energy Demand Optimism and Middle East Tensions
Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today!
For the full year, analysts expect PCG to report EPS of $1.50, up 10.3% from $1.36 in fiscal 2024. Its EPS is expected to rise 8.7% year over year to $1.63 in fiscal 2026.
PCG stock has considerably underperformed the S&P 500 Index's ($SPX) 11.9% gains over the past 52 weeks, with shares down 20.8% during this period. Similarly, it substantially underperformed the Utilities Select Sector SPDR Fund's (XLU) 19.6% gains over the same time frame.
On Apr. 24, PCG shares closed down marginally after reporting its Q1 results. Its adjusted EPS of $0.33 fell short of Wall Street expectations of $0.35. The company's revenue was $6 billion, falling short of Wall Street forecasts of $6.1 billion. PCG expects full-year adjusted EPS in the range of $1.48 to $1.52.
Analysts' consensus opinion on PCG stock is moderately bullish, with a 'Moderate Buy' rating overall. Out of 17 analysts covering the stock, 11 advise a 'Strong Buy' rating, five give a 'Hold,' and one indicates a 'Strong Sell.' PCG's average analyst price target is $20.70, indicating an ambitious potential upside of 51.8% from the current levels.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Pure Storage (PSTG) Stock Sinks As Market Gains: Here's Why
Pure Storage (PSTG) closed at $57.85 in the latest trading session, marking a -2.85% move from the prior day. This change lagged the S&P 500's 0.03% gain on the day. Elsewhere, the Dow lost 0.03%, while the tech-heavy Nasdaq lost 0.01%. Heading into today, shares of the data storage company had gained 8.59% over the past month, outpacing the Computer and Technology sector's gain of 6.37% and the S&P 500's gain of 3.46%. The upcoming earnings release of Pure Storage will be of great interest to investors. The company's earnings report is expected on August 27, 2025. The company is predicted to post an EPS of $0.4, indicating a 9.09% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $845.76 million, up 10.74% from the year-ago period. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.82 per share and revenue of $3.52 billion, indicating changes of +7.69% and +11.01%, respectively, compared to the previous year. Investors should also pay attention to any latest changes in analyst estimates for Pure Storage. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.39% decrease. At present, Pure Storage boasts a Zacks Rank of #3 (Hold). Investors should also note Pure Storage's current valuation metrics, including its Forward P/E ratio of 32.76. This valuation marks a premium compared to its industry average Forward P/E of 14.15. Meanwhile, PSTG's PEG ratio is currently 1.76. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computer- Storage Devices was holding an average PEG ratio of 1.76 at yesterday's closing price. The Computer- Storage Devices industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 26, placing it within the top 11% of over 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. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Pure Storage, Inc. (PSTG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
31 minutes ago
- Yahoo
MINISO Group Holding Limited Unsponsored ADR (MNSO) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest close session, MINISO Group Holding Limited Unsponsored ADR (MNSO) was down 4.03% at $19.52. The stock trailed the S&P 500, which registered a daily gain of 0.03%. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq lost 0.01%. Heading into today, shares of the company had gained 14.66% over the past month, outpacing the Retail-Wholesale sector's gain of 3.3% and the S&P 500's gain of 3.46%. The investment community will be paying close attention to the earnings performance of MINISO Group Holding Limited Unsponsored ADR in its upcoming release. The company is slated to reveal its earnings on August 21, 2025. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $672.03 million, up 21.03% from the year-ago period. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.12 per share and revenue of $2.9 billion. These totals would mark changes of -2.61% and +22.75%, respectively, from last year. It is also important to note the recent changes to analyst estimates for MINISO Group Holding Limited Unsponsored ADR. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. MINISO Group Holding Limited Unsponsored ADR presently features a Zacks Rank of #3 (Hold). In terms of valuation, MINISO Group Holding Limited Unsponsored ADR is currently trading at a Forward P/E ratio of 18.24. This signifies a premium in comparison to the average Forward P/E of 17.65 for its industry. Investors should also note that MNSO has a PEG ratio of 1.19 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Retail - Apparel and Shoes industry stood at 2.1 at the close of the market yesterday. The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 147, finds itself in the bottom 41% echelons of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
31 minutes ago
- Yahoo
Do Stocks Have the Fuel To Move Higher?
Including this morning's results from Deere & Company DE, Tapestry TPR and others, we now have Q2 results from 461 S&P 500 members or 92.2% of the index's total membership. Total earnings for these companies are up +11.4% from the same period last year on +5.8% higher revenues, with 80.5% beating EPS estimates and 78.7% beating revenue estimates. These results have been notably better than what we have been seeing from this group of companies in other recent periods. Part of the earnings outperformance is a function of how low expectations had become ahead of the start of this reporting cycle, particularly in the wake of the early-April tariff announcements. The earnings outperformance is much more than above-average proportions of these companies beating consensus EPS and revenue estimates, but rather reflective of an overall resilient earnings picture and in some key respects improving outlook for the back half of the year and beyond. We see this in the favorable revisions trend for estimates for the current and coming periods, particularly for key sectors like Technology, Finance and others. This improving earnings outlook should give investors confidence in the fundamental basis of the market's ongoing momentum. For more details about the Q2 earnings season and the overall earnings picture, please check out our weekly Earnings Trends report here >>>>>Earnings Outlook Remains Strong and Improving: A Closer Look Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report SPDR S&P 500 ETF (SPY): ETF Research Reports Tapestry, Inc. (TPR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
