Valued at a market cap of $38.6 billion, PG&E Corporation (PCG) is an energy company that generates, transmits, and distributes electricity, as well as delivers natural gas to residential, commercial, industrial, and agricultural customers. The Oakland, California-based company is expected to announce its fiscal Q1 earnings for 2026 before the market opens on Thursday, Apr. 23.
Before this event, analysts expect this utility company to report a profit of $0.38 per share, up 15.2% from $0.33 per share in the year-ago quarter. The company has met or topped Wall Street’s bottom-line estimates in two of the last four quarters, while missing on two other occasions. Its earnings of $0.36 per share in the previous quarter met the forecasted figure.
For the current fiscal year, ending in December, analysts expect PCG to report a profit of $1.65 per share, up 10% from $1.50 per share in fiscal 2025. Furthermore, its EPS is expected to grow 9.7% year-over-year to $1.81 in fiscal 2027.
Shares of PCG have gained 2.4% over the past 52 weeks, considerably lagging both the S&P 500 Index's ($SPX) 16.4% return and the State Street Utilities Select Sector SPDR ETF’s (XLU) 17% uptick over the same time period.
Shares of PCG rose 2.7% on Feb. 12, after delivering its Q4 results. The company reported its fourth cut in residential bundled electricity rates over the past two years, along with a decline in natural gas rates. Its core EPS came in at $0.36, marking a 16.1% year-over-year increase and meeting analyst expectations. PCG raised its fiscal 2026 core EPS guidance to between $1.64 and $1.66, further bolstering investor confidence.
Wall Street analysts are highly optimistic about PCG’s stock, with an overall "Strong Buy" rating. Among 17 analysts covering the stock, 12 recommend "Strong Buy," and five suggest "Hold." The mean price target for PCG is $22.68, indicating a 28.1% potential upside from the current levels.
