PG&E Beats Analyst Estimates on EPS
PG&E (NYS: PCG) reported earnings on July 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), PG&E missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share contracted slightly. GAAP earnings per share expanded significantly.
Margins expanded across the board.
PG&E notched revenue of $3.78 billion. The six analysts polled by S&P Capital IQ hoped for a top line of $3.90 billion on the same basis. GAAP reported sales were 5.1% higher than the prior-year quarter's $3.59 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.79. The 15 earnings estimates compiled by S&P Capital IQ forecast $0.71 per share. Non-GAAP EPS of $0.79 for Q2 were 2.5% lower than the prior-year quarter's $0.81 per share. GAAP EPS of $0.74 for Q2 were 35% higher than the prior-year quarter's $0.55 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 30.5%, 130 basis points better than the prior-year quarter. Operating margin was 16.8%, 450 basis points better than the prior-year quarter. Net margin was 8.7%, 220 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $4.21 billion. On the bottom line, the average EPS estimate is $0.75.
Next year's average estimate for revenue is $15.60 billion. The average EPS estimate is $2.62.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 286 members out of 307 rating the stock outperform, and 21 members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 give PG&E a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PG&E is outperform, with an average price target of $48.65.
Looking for alternatives to PG&E? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add PG&E to My Watchlist.
The article PG&E Beats Analyst Estimates on EPS originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.