Shares of PG&E Corporation (NYSE:PCG) fell $-0.91 during today’s regular trading session, a -1.37% decrease from the previous closing price of $66.46. The company’s shares traded on stronger-than-usual volume today: $4.07M shares changed hands while the stock’s average volume is 2.22M shares per day. PG&E Corporation (PCG) has declined $1.59, or -2.37%, in the last 30 days. This year-to-date, the company’s shares have increased $4.78, or +7.87%. Over the last 12 months, PCG’s stock price has risen $6.45, or +10.91%. The company’s 52-week range is $54.67 to $67.83.
PG&E Corporation (PCG) Earnings Surprises
PG&E Corporation announced its recent quarter financial results after the market close on 02/05/2017, crushing consensus estimates with both its revenue and earnings. PG&E Corporation posted net revenue of 4.27B, beating Wall Street analysts who had forecast $4.16B. The company reported EPS of $1.06, above the consensus estimate calling for EPS of $0.81 – a positive surprise of 31.37%.
Before that, quarter ending December 2016, PG&E Corporation also surprised analysts by beating the consensus estimate. The Wall Street forecast had projected $1.29 per share, and the company reported EPS of $1.33 – also a 2.71% positive surprise. Revenue during the period amounted to $4.71B, while analysts were anticipating $4.75B.
In the quarter ending September 2016, PG&E Corporation delivered an even larger earnings beat. Analysts, on average, were expecting $1.09 per share, and the company reported EPS of $0.94 – amounting to a positive surprise of 13.79%. Revenue during that quarter was posted at $4.81B , whereas the consensus estimate was predicting $5.01B.
The company is scheduled to announce its next quarterly financial results on 27/07/2017 after the market close. The average EPS estimate of 4 Wall Street analysts is $0.80 per share, compared to the company’s reported EPS of $0.66 per share in the year-ago quarter. Analysts are forecasting PG&E Corporation to report revenue of about $4.31B, versus the $4.17B posted last year.
PG&E Corporation (PCG) Consensus Estimates and Price Target
The company’s consensus rating is currently Strong Buy, with 5 analysts rating it a Strong Buy, and 1 analysts rating it with a Hold. The average 12-month price target, as forecast by analysts, is $69.97 , 6.74% higher than the company’s closing price today