Pacific Gas & Electric (PCG) earnings: expect 3% revenue growth

1:07 pm ET, 01 May 2019

Pacific Gas & Electric Co. (PCG) is announcing earnings on May 02, before market opening. Wondering what revenue and earnings will look like?

What should you expect from the upcoming earnings?

Revenue for the next quarter is expected to be $4.19B, which implies 3% growth rate year-over-year.

Earnings per share are expected to come in at $0.90. If this materializes, EPS will decline -1% year-over-year.

How did the stock do last month?

Over the last month, Pacific Gas & Electric Co. (PCG) returned +30.42%.

How is the stock valued?

Pacific Gas & Electric (PCG) forward P/E ratio is 4.95, and it’s low compared to its industry peers’ P/E ratio.

What do analysts say about the stock?

Pacific Gas & Electric (PCG) average analyst price target is -11.01% below its current price ($22.52).

For the latest price and information on Pacific Gas & Electric Co., please visit Finstead and ask for "PCG", "PCG analysis" or "PCG news".

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Pacific Gas & Electric Co. (PCG) Stock Guide

Updated at: 10:01 am ET, 18 Sep 2020

Before we start: if you're looking for PCG stock price, you can quickly find it out by visiting Finny and typing "PCG quote". If you're looking for a quick scoop on PCG stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "PCG". You'll get all this info in one place. Or you can just type "PCG news" to get the latest stock news.

Looking to buy or sell Pacific Gas & Electric Co. (PCG)? Interested in getting the full scoop on PCG, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this PCG stock guide, we'll address key questions about PCG, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are PCG earnings?
2. What is PCG stock forecast (i.e., prediction)?
3. PCG buy or sell? What is PCG Finny Score?
4. What are the reasons to buy PCG? Why should I buy PCG stock?
5. What are the reasons to sell PCG? Why should I sell PCG stock?
6. What are PCG key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are PCG earnings?

PCG trailing 12-month earnings per share (EPS) is -$12.94.

Analyst Predictions

2. What is PCG stock forecast (i.e., prediction)?

Based on PCG analyst price targets, PCG stock forecast is $13.14 (for a year from now). That means the average analyst price target for PCG stock is $13.14. The prediction is based on 14 analyst estimates.

The low price target for PCG is $11.00, while the high price target is $15.00.

PCG analyst rating is Buy.

Analysis

3. PCG buy or sell? What is PCG Finny Score?

#{finnyScore:78}Our quantitative analysis shows 7 reasons to buy and 2 reasons to sell PCG, resulting in Finny Score of 78.

4. What are the reasons to buy PCG? Why should I buy PCG stock?

Here are the reasons to buy PCG stock:

  • Decoupled rates, annual rate true-up adjustments, and forward-looking rate setting make California's regulation among the most favorable in the U.S. and enhance PG&E's cash flow.
  • Regulators continue to support the company's investments in smart meters, distribution, and renewable energy to meet the state's progressive energy policies.
  • With California regulators' gas pipeline safety investigation ruling in April 2015, PG&E has resolved nearly all of the gas pipeline safety issues, which had been a five-year overhang.
  • PCG quarterly revenue growth was 15.00%, higher than the industry and sector average revenue growth (0.36% and 0.75%, respectively). See PCG revenue growth chart.
  • PCG profitability is improving. The YoY profit margin change was 1.72 percentage points. See PCG profitability chart.
  • PCG forward P/E ratio is 7.48, which is low compared to its industry peers’ P/E ratios. See PCG forward P/E ratio chart.
  • PCG Price/Sales ratio is 1.01, which is low compared to its industry peers’ P/S ratios. See PCG forward Price/Sales ratio chart.
  • PCG PEG ratio (P/E adjusted for growth) is 1.42, which is low compared to its industry peers’ PEG ratios. See PCG PEG chart.
  • PCG average analyst rating is Buy. See PCG analyst rating chart.
  • PCG average analyst price target ($13.14) is above its current price ($9.71). See PCG price target chart.

5. What are the reasons to sell PCG? Why should I sell PCG stock?

Let's look at the reasons to sell PCG stock (i.e., the bear case):

  • PG&E depends almost entirely on regulators to approve rate hikes to cover its ambitious investment program. A cut in regulated rates could jeopardize earnings growth.
  • California customer rates that are among the highest in the U.S. make it more difficult for PG&E to push through higher rates to increase earnings and enhance shareholder returns.
  • We estimate shareholders suffered more than $7 per share of value dilution related to the San Bruno pipeline explosion and other natural gas pipeline issues in the six years following the 2010 disaster.
  • PCG short interest (days to cover the shorts) ratio is 2.63. The stock garners more short interest than the average industry, sector or S&P 500 stock. See PCG short interest ratio chart.
  • PCG cash to debt ratio is 0.02, lower than the average industry (0.05) and sector (0.05) cash to debt ratio. See PCG cash to debt chart.

Key Stats

6. What are PCG key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for PCG:

Metrics PCG
Price $9.60
Average Price Target / Upside $13.14 / 36.95%
Average Analyst Rating Buy
Forward Dividend Yield 0.00%
Industry Utilities - Regulated Electric
Sector Utilities
Number of Employees 24,000
Market Cap $18.11B
Forward P/E Ratio 7.48
Price/Book Ratio 1.01
Revenue (TTM) $18.01B
YoY Quarterly Revenue Growth 15.00%
Profit Margin -37.95%

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