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Recap: PG&E Q2 Earnings

  PG&E (NYSE:PCG) reported its Q2 earnings results on Thursday, July 28, 2022 at 08:00 AM. Here's what investors need to know about the announcement.

Benzinga · 07/28/2022 08:15

 

PG&E (NYSE:PCG) reported its Q2 earnings results on Thursday, July 28, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

PG&E missed estimated earnings by 10.71%, reporting an EPS of $0.25 versus an estimate of $0.28.

Revenue was down $97.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.05 which was followed by a 2.17% drop in the share price the next day.

Here's a look at PG&E's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.25 0.28 0.26 0.28
EPS Actual 0.30 0.28 0.24 0.27
Revenue Estimate 5.31B 5.46B 5.37B 5.13B
Revenue Actual 5.80B 5.25B 5.46B 5.21B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

PG&E management provided guidance for FY 2022, expecting earnings between $1.07 and $1.13 per share.

To track all earnings releases for PG&E VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.