PG&E Corp (NYSE: PCG) has reported E.P.S. of $0.24 for its second fiscal quarter (ending June 30) versus $0.20 for the same period a year ago — an increase of 20%. However, this performance was $-0.06 short of the consensus estimate of $0.30. E.P.S. were $1.18 for the latest four quarters through June 30 versus $0.98 for the same period a year ago — an increase of 20%.
Recent Price Action
PG&E Corp (NYSE: PCG) stock declined modestly by -1.3% on 7/25/24. The stock closed at $18.02. Moreover, this decline was accompanied by unusually high trading volume at 159% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
PCG is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
PG&E has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. PG&E has a neutral Appreciation Score of 45 and a neutral Power Rating of 51, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment