PG&E Corp reports results for the quarter ended March 31 - Earnings Summary

• PG&E Corp PCG.N reported quarterly adjusted earnings of 33 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 37 cents. The mean expectation of twelve analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 30 cents to 37 cents per share.

• Revenue rose 2.1% to $5.98 billion from a year ago; analysts expected $6.13 billion.

• PG&E Corp's reported EPS for the quarter was 28 cents​.

• The company reported quarterly net income of $607 million.

• PG&E Corp shares had risen by 2.1% this quarter and lost 13.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.7% in the last three months.​

• In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is also "buy"

• Wall Street's median 12-month price target for PG&E Corp is $22.00

This summary was machine generated from LSEG data April 24 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)