PG&E (NYSE: PCG ) is expected to report Q1 earnings around Feb. 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict PG&E's revenues will increase 4.9% and EPS will contract -21.3%.
The average estimate for revenue is $3.82 billion. On the bottom line, the average EPS estimate is $0.70.
Last quarter, PG&E logged revenue of $3.83 billion. GAAP reported sales were 0.4% higher than the prior-year quarter's $3.82 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.59. GAAP EPS were -$0.03 for Q4 against $0.20 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 18.9%, 690 basis points worse than the prior-year quarter. Operating margin was 6.8%, 420 basis points worse than the prior-year quarter. Net margin was -0.3%, 250 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $15.53 billion. The average EPS estimate is $2.68.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 286 members out of 303 rating the stock outperform, and 17 members rating it underperform. Among 92 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give PG&E a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PG&E is outperform, with an average price target of $44.78.
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