PG&E Q4 Adj. EPS $0.47 Beats $0.45 Estimate
Portfolio Pulse from Benzinga Newsdesk
PG&E (NYSE:PCG) reported Q4 adjusted earnings per share of $0.47, surpassing the analyst consensus estimate of $0.45 by 4.44%. This represents an 80.77% increase from the $0.26 per share reported in the same quarter last year.
February 22, 2024 | 11:08 am
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POSITIVE IMPACT
PG&E reported a significant year-over-year increase in Q4 earnings, beating analyst estimates.
Beating earnings estimates typically leads to positive investor sentiment and can cause a short-term increase in stock price. The significant year-over-year growth in earnings further strengthens the positive outlook for PG&E.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100