PG&E Q2 Adj. EPS $0.23 Misses $0.25 Estimate, Sales $5.29B Miss $5.49B Estimate
Portfolio Pulse from Bill Haddad
PG&E reported Q2 earnings of $0.23 per share, missing the analyst consensus estimate of $0.25 by 8%. The company also reported quarterly sales of $5.29 billion, missing the analyst consensus estimate of $5.49 billion by 3.64%. This represents a decrease in earnings and an increase in sales compared to the same period last year.
July 27, 2023 | 10:09 am
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NEGATIVE IMPACT
PG&E's Q2 earnings and sales missed analyst estimates, which could negatively impact investor sentiment.
PG&E's earnings and sales fell short of analyst estimates, which could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100