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 -1.94% change in stock price 10 days leading up to the earnings, and a +1.82% change 10 days following the report. On the earnings day itself, the stock moves by -0.34%. 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
5.94B
0.90%
-0.75%
Gross Margin
66.62%
-3.69%
0.56%
Operating Margin
20.91%
109.31%
3.51%
Net Margin
9.75%
63.59%
11.43%
EPS
0.27
68.75%
12.50%
No Data Available
PCG Earnings Analysis
PG&E Corporation Corporation (PCG.N) Earnings Conference Call
Positive
Core Earnings Increase: 1. Core Earnings Growth: PG&E reported core earnings per share of $0.37 for Q3 2024, totaling $1.06 for the first nine months, reflecting a $0.30 increase year-over-year.
Capital Plan Expansion: 2. Increased Capital Plan: The company added $1 billion to its five-year capital plan, now totaling $63 billion through 2028, supporting a 10% growth in earnings per share guidance for 2025.
Operating Cash Flow Increase: 3. Operating Cash Flow Improvement: PG&E's operating cash flow increased by $1.8 billion in the first nine months of 2024 compared to the same period in 2023, with expectations to exceed $3 billion for the full year.
O&M Cost Reduction: 4. O&M Cost Savings: The company achieved a 5.5% reduction in operating and maintenance expenses in 2023, contributing to improved financial performance and customer affordability.
EPS Growth Commitment: 5. Long-term EPS Growth Commitment: PG&E reaffirmed its commitment to at least 9% core earnings per share growth annually from 2026 through 2028, demonstrating a strong financial outlook.
Negative
Wildfire Incident Surge: 1. Increased Wildfire Incidents: Incidents affecting 10 acres or more have increased more than threefold this year compared to 2023, indicating a significant rise in wildfire risk despite mitigations.
Wildfire Ignition Rate: 2. High Ignition Rate: The ignition rate in high fire-threat areas stands at 1.44 for the rolling 12 months through November 4, reflecting ongoing wildfire challenges.
Equipment Safety Concerns: 3. No Major Fires Due to Equipment: While there have been no major fires attributed to PG&E equipment, the elevated ignition count raises concerns about the effectiveness of current safety measures.
Operating Cash Flow Issues: 4. Operating Cash Flow Concerns: Despite a projected increase in operating cash flow by $3 billion for the full year, the company remains just one notch below investment grade, indicating potential financial instability.
Undergrounding Filing Delay: 5. Delayed Undergrounding Filing: The undergrounding filing is expected to be delayed until mid-2025, which could hinder long-term safety and reliability improvements in high-risk areas.
PCG FAQs
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PCG Earning Call Sentiment
PG&E Corporation (PCG) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
PCG.N
-1.51%Positive
The earnings call summary and Q&A reveal strong financial performance, with increased EPS and operating cash flow. The reaffirmed 2024 guidance and long-term growth projections are optimistic. Despite credit rating risks, the company's commitment to debt reduction and capital investment is positive. The Q&A indicates management's confidence in handling CapEx and equity plans. While there are uncertainties regarding DOE loans and undergrounding guidelines, the overall sentiment remains positive, especially with the planned customer investments and growth. The absence of market cap data suggests a neutral-to-positive reaction, but strong fundamentals support a positive outlook.