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PG&E (IT:1PCG)
MILAN:1PCG
Holding IT:1PCG?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
€0.3Last Year’s EPS
€0.45Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 0.59%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with strong earnings growth, increased capital plans, and improved cash flow, despite some challenges with wildfire risks and regulatory processes.Company Guidance
During PG&E's Q3 2024 earnings call, CEO Patricia Poppe announced updates to the company's financial guidance and plans. The core earnings per share (EPS) for Q3 were reported at $0.37, leading to a total of $1.06 for the first nine months of 2024. The 2024 EPS guidance range was narrowed to $1.34 to $1.37, indicating a 10% growth over 2023 at the midpoint. An additional $1 billion has been infused into the five-year capital plan, which now totals $63 billion through 2028, reflecting increased customer demand. This increase also led to a revised 2025 EPS growth guidance of 10%, up from the previous 9%, with a new EPS range of $1.47 to $1.51. The company reaffirmed its commitment to at least 9% EPS growth annually from 2026 to 2028, starting from the new 2025 midpoint. PG&E plans to issue $3 billion in equity from 2025 to 2028, distributed evenly, and remains committed to no new equity in 2024. The company is focused on meeting growing electrification demand in California, with benefits expected for both customers and investors.Earnings Growth and Guidance Update
Core earnings per share for the third quarter were $0.37, bringing the total to $1.06 for the first nine months. The 2024 guidance range is now $1.34 to $1.37, with a confirmed 10% growth over 2023 at the midpoint.
Increased Capital Plan
PG&E is adding $1 billion to its 5-year capital plan, raising it to $63 billion through 2028, reflecting increased customer demand.
Wildfire Mitigation Success
Despite elevated wildfire risk, PG&E reported a multiyear trend of no major fires due to its equipment, demonstrating effective physical risk mitigations.
Cash Flow Improvement
Operating cash flow increased by $1.8 billion in the first nine months of 2024 compared to the same period in 2023, with a forecast of over $3 billion more for the full year.
Credit Rating Prospects
PG&E is close to achieving investment-grade credit ratings, with positive outlooks from Moody's and Fitch.
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IT:1PCG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IT:1PCG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | €18.98 | €18.95 | -0.15% |
| Jul 25, 2024 | €16.87 | €16.94 | +0.42% |
| Apr 25, 2024 | €15.84 | €15.66 | -1.16% |
| Feb 22, 2024 | €15.47 | €15.25 | -1.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does PG&E (IT:1PCG) report earnings?
PG&E (IT:1PCG) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is PG&E (IT:1PCG) earnings time?
PG&E (IT:1PCG) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of PG&E stock?
The P/E ratio of PG&E is 16.1.
What is IT:1PCG EPS forecast?
IT:1PCG EPS forecast for the fiscal quarter 2024 (Q4) is €0.3.
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