PG&E: Q1 Earnings Insights


PG&E PCG reported its Q1 earnings results on Thursday, April 28, 2022 at 08:00 AM.

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


PG&E beat estimated earnings by 20.0%, reporting an EPS of $0.3 versus an estimate of $0.25.

Revenue was up $1.08 billion from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.0 which was followed by a 1.14% drop in the share price the next day.

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


Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 0.28 0.26 0.28 0.27
EPS Actual 0.28 0.24 0.27 0.23
Revenue Estimate 5.46B 5.37B 5.13B 4.83B
Revenue Actual 5.25B 5.46B 5.21B 4.72B

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).


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.

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