PG&E Corporation to Report Q1 Earnings: Here's What to Expect

Core Viewpoint - PG&E Corporation (PCG) is set to report its first-quarter 2025 results on April 24, with expectations of moderate revenue impact due to weather and significant challenges from wildfires and infrastructure damage [1][2][3][4]. Group 1: Earnings Expectations - The Zacks Consensus Estimate for PCG's sales is $6.11 billion, reflecting a year-over-year growth of 4.2% [5]. - The consensus estimate for earnings is 36 cents per share, indicating a year-over-year decline of 2.7% [5]. - PCG has delivered a four-quarter average earnings surprise of 6.17% [1]. Group 2: Factors Influencing Results - Weather patterns during the first quarter were generally moderate, which is expected to have a limited impact on revenues [2]. - Wildfires in California led to temporary power supply shutdowns, likely adversely affecting top-line results [3]. - Heavy rainfall, landslides, and floods also impacted infrastructure, increasing operating and maintenance costs, which may hurt earnings [4]. - Despite these challenges, solid sales growth expectations and efforts to reduce non-fuel O&M expenses may have positively influenced earnings performance [4]. Group 3: Earnings Prediction Model - The current Earnings ESP for PCG is -6.94%, indicating a lower likelihood of an earnings beat this quarter [6]. - PCG holds a Zacks Rank of 2 (Buy), suggesting a relatively favorable outlook compared to other stocks [7].