PG&E (PCG) Q2 Earnings and Revenues Miss Estimates

Core Insights - PG&E reported quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.33 per share, representing an earnings surprise of -6.06% [1] - The company posted revenues of $5.9 billion for the quarter ended June 2025, missing the Zacks Consensus Estimate by 6.65% [2] - PG&E shares have declined approximately 30.5% year-to-date, contrasting with the S&P 500's gain of 8.2% [3] Earnings Performance - Over the last four quarters, PG&E has surpassed consensus EPS estimates only once [2] - The current consensus EPS estimate for the upcoming quarter is $0.44 on revenues of $6.6 billion, and for the current fiscal year, it is $1.50 on revenues of $26.3 billion [7] Market Outlook - The company's earnings outlook will be influenced by management's commentary during the earnings call [3][4] - The Zacks Rank for PG&E is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Utility - Electric Power industry is currently in the top 34% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]