PG&E Q3 Adj EPS $0.24 Misses $0.27 Estimate, Sales $5.89B Beat $5.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
PG&E reported Q3 adjusted earnings of $0.24 per share, missing the analyst consensus estimate of $0.27 by 11.11%. This is a 17.24% decrease from the same period last year. However, the company's quarterly sales of $5.89 billion beat the analyst consensus estimate of $5.48 billion by 7.45%, a 9.16% increase from the same period last year.
October 26, 2023 | 10:06 am
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NEUTRAL IMPACT
PG&E's Q3 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertainty in the stock's short-term performance.
PG&E's earnings miss could negatively impact the stock as it indicates lower profitability. However, the sales beat could offset this as it shows strong demand for the company's services. The mixed results create uncertainty for the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100