Pacific Gas & Electric Raised FY24 Adj. EPS Outlook To $1.33-$1.37 (From $1.31-$1.35) Vs. $1.35 Est.
Portfolio Pulse from Benzinga Newsdesk
Pacific Gas & Electric (PCG) has increased its adjusted earnings per share (EPS) forecast for fiscal year 2024 to a range of $1.33 to $1.37, up from the previous estimate of $1.31 to $1.35. This new forecast is compared against an analyst consensus estimate of $1.35.
February 22, 2024 | 11:15 am
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Pacific Gas & Electric has raised its FY24 adjusted EPS outlook to $1.33-$1.37, from $1.31-$1.35, versus an analyst estimate of $1.35.
Raising the EPS outlook suggests that Pacific Gas & Electric is performing better than previously expected, which could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
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