Pacific Gas & Electric Co. (NYSE:PCG) is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.26 per share.
For the full year, analysts predict revenues of $ 18575.50 million, while looking forward to income of $ 1.78 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.60 ~ $ 1.63 per share
Click Here For More Historical Outlooks Of Pacific Gas & Electric Co.
Previous Quarter Performance
Pacific Gas & Electric Co. came out with income for the second quarter of $ 1.03 per share, from the revenue of $ 4,533.00 million. The quarterly earnings fell 6.36 percent while revenues swell 14.96 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.88 per share from $ 4107.84 million in revenue. The bottom line results beat street analysts by $ 0.15 or 17.05 percent, at the same time, top line results outshined analysts by $ 425.16 million or 10.35 percent.
Stock Performance
Shares of Pacific Gas & Electric Co. traded low $ -0.21 or -2.12 percent on Wednesday, reaching $ 9.70 with volume of 11.94 million shares. Pacific Gas & Electric Co. has traded high as $ 9.97 and has cracked $ 9.70 on the downward trend
According to the previous trading day, closing price of $ 9.70, representing a 72.05 % increase from the 52 week low of $ 5.76 and a 45.97 % decrease over the 52 week high of $ 18.34.
The company has a market capital of $ 19.26 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Conference Call
Pacific Gas & Electric Co. will be hosting a conference call at 11:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.pgecorp.com
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to residential, commercial, industrial, and agricultural customers in northern and central California, the United States. The companys electricity distribution network consists of approximately 107,000 circuit miles of distribution lines, 50 transmission switching substations, and 769 distribution substations; and electricity transmission network comprises approximately 18,000 circuit miles of interconnected transmission lines and 84 electric transmission substations. Its natural gas system consists of approximately 43,100 miles of distribution pipelines, approximately 6,400 miles of backbone and local transmission pipelines, and various storage facilities.
