PG&E Corporation (PCG), headquartered in Oakland, California, sells and delivers electricity and natural gas to its customers. Valued at $37.2 billion by market cap, PCG is one of the largest utility companies in the U.S. that provides electricity and natural gas distribution, electricity generation, procurement, and transmission, and natural gas procurement, transportation, and storage. The leading gas and electricity provider is expected to announce its fiscal second-quarter earnings for 2025 before the market opens on Thursday, Jul. 31.
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.
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. For more information please view the Barchart Disclosure Policy here.
