PG&E (NYSE: PCG) reported earnings on May 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), PG&E missed estimates on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue expanded slightly. Non-GAAP earnings per share contracted significantly. GAAP earnings per share contracted.

Gross margins contracted, operating margins increased, net margins grew.

Revenue details
PG&E booked revenue of $3.67 billion. The four analysts polled by S&P Capital IQ wanted to see revenue of $3.75 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.63. The 14 earnings estimates compiled by S&P Capital IQ averaged $0.69 per share. Non-GAAP EPS of $0.63 for Q1 were 29% lower than the prior-year quarter's $0.89 per share. GAAP EPS of $0.55 for Q1 were 1.8% lower than the prior-year quarter's $0.56 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 27.4%, 170 basis points worse than the prior-year quarter. Operating margin was 13.7%, 60 basis points better than the prior-year quarter. Net margin was 6.5%, 10 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $3.79 billion. On the bottom line, the average EPS estimate is $0.71.

Next year's average estimate for revenue is $15.58 billion. The average EPS estimate is $2.64.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 287 members out of 309 rating the stock outperform, and 22 members rating it underperform. Among 91 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give PG&E a green thumbs-up, and four 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 $44.50.

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