PG&E PCG reported its Q2 earnings results on Thursday, July 28, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
PG&E missed estimated earnings by 10.71%, reporting an EPS of $0.25 versus an estimate of $0.28.
Revenue was down $97.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 2.17% drop in the share price the next day.
Here's a look at PG&E's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 0.25 | 0.28 | 0.26 | 0.28 |
EPS Actual | 0.30 | 0.28 | 0.24 | 0.27 |
Revenue Estimate | 5.31B | 5.46B | 5.37B | 5.13B |
Revenue Actual | 5.80B | 5.25B | 5.46B | 5.21B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
PG&E management provided guidance for FY 2022, expecting earnings between $1.07 and $1.13 per share.
To track all earnings releases for PG&E visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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