27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
PG&E (NYSE:PCG) reported its Q3 earnings results on Thursday, October 27, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
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Earnings
PG&E beat estimated earnings by 61.11%, reporting an EPS of $0.29 versus an estimate of $0.18.
Revenue was down $71.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03 which was followed by a 0.74% increase in the share price the next day.
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Here's a look at PG&E's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.28 | 0.25 | 0.28 | 0.26 |
| EPS Actual | 0.25 | 0.30 | 0.28 | 0.24 |
| Revenue Estimate | 5.81B | 5.31B | 5.46B | 5.37B |
| Revenue Actual | 5.12B | 5.80B | 5.25B | 5.46B |
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.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.