PCG Earnings Prediction
The chart below shows how PCG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PCG sees a -1.80% change in stock price 10 days leading up to the earnings, and a +2.60% change 10 days following the report. On the earnings day itself, the stock moves by -0.71%. This data can give you a slight idea of what to expect for the next quarter's release.
PCG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
6.63B
-5.82%
11.61%
Gross Margin
73.35%
-3.99%
10.10%
Operating Margin
17.07%
-10.86%
-18.36%
Net Margin
10.16%
-22.50%
4.21%
EPS
0.30
-30.23%
11.11%
No Data Available
PCG Earnings Analysis
PG&E Corp Corporation (PCG.N) Earnings Conference Call
Positive
Core Earnings Growth: Core earnings per share for Q4 were $0.31, totaling $1.36 for the year, representing an 11% growth over 2023.
2025 Guidance Midpoint Increase: Updated 2025 guidance range midpoint is up 10% from actual 2024 results, now at $1.48 to $1.52.
EPS Growth Forecast: EPS growth guidance for 2026 through 2028 remains at least 9% each year.
Equity Issuance Success: Successfully completed equity issuance to fund $63 billion capital investment plan through 2028.
Dividend Rate Increase: Annual dividend rate for 2025 is $0.10, up from $0.04 in 2024, with plans for a 20% payout ratio by 2028.
Non-Fuel O&M Cost Savings: Achieved 4% savings in non-fuel O&M costs in 2024, building on previous savings from 2022 and 2023.
Negative
Earnings Miss Reported: PG&E Corporation missed earnings expectations with a reported EPS of $0.31, slightly below the expected $0.3102.
Impact of Southern California Fires: The company faced challenges due to the recent fires in Southern California, which may impact future performance and investor confidence.
Earnings Growth Concerns: Despite a reported 11% growth in core earnings per share for the year, the slight miss on quarterly earnings could raise concerns about the company's ability to meet future expectations.
Dividend Increase Concerns: The dividend increase from $0.04 to $0.10 for 2025 may not be sufficient to reassure investors given the company's commitment to a 20% payout ratio by 2028, which implies a need for significantly higher earnings growth.
Capital Investment Concerns: The company’s capital investment plan of $63 billion through 2028 raises concerns about financial sustainability and the potential for increased debt levels.
PCG FAQs
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PCG Earning Call Sentiment
PG&E Corporation (NYSE:PCG) Q4 2024 Earnings Call Transcript
PCG.N
0.52%Positive
The earnings call summary and Q&A reveal mixed signals. While PG&E announced positive EPS growth guidance and increased dividends, they missed EPS expectations slightly. Concerns about regulatory risks and wildfire funding were not fully addressed, causing uncertainty. Despite a robust capital investment plan, the potential financial liabilities and execution risks temper enthusiasm. The dividend increase and positive guidance provide some optimism, but uncertainties around regulatory scrutiny and financial stability balance this out, resulting in a neutral sentiment.
