Earnings per share
California-based PG&E (PCG) is set to report its 1Q18 earnings on May 3. The analyst consensus is that it should report EPS (earnings per share) of $1.04 for the quarter, which ended on March 31. For 1Q17, it reported EPS of $1.06.
PCG stock witnessed a significant weakness after it was speculated that it was one of the causes of the California wildfires in October 2017. However, the stock has rallied more than 20% since its 52-week low in February 2018.
According to analyst estimates, PG&E will report total revenues of $4.25 billion for 1Q18. It reported revenues of $4.27 billion in 1Q17.
Management hasn’t provided an earnings guidance for 2018 due to uncertainties regarding liability damages from the wildfires. The company suspended its dividends in 4Q17 and reported $82 million in costs associated with the fires.
PG&E intends to invest $6.3 billion and $6 billion in capital projects for 2018 and 2019, respectively. Capital investments are expected to grow its rate base by 7.5% annually.
Next, let’s look at PG&E’s valuation and chart indicators.