Oakland, California-based PG&E Corporation (PCG) is the parent company of California’s largest regulated electric and gas utility, Pacific Gas and Electric Company. With a market cap of $59.5 billion, it provides electricity and natural gas to Northern and Central California through a mix of nuclear, hydroelectric, and renewable energy sources. PCG is set to unveil its fiscal Q3 earnings results before the market opens on Thursday, Nov. 7.
Ahead of this event, analysts expect the power company to report a profit of $0.29 per share, up 20.8% from $0.24 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on another occasion. PCG exceeded the consensus EPS estimate by a 3.3% margin in Q2 due to higher service rates.
