PCG Pre-Earnings History Points to a Sharp Rally

31 October 2024, 10:15 AM

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By Dmitry Pargamanik

PCG Shares Could Increase Ahead of Earnings

  • 10 out of the last 12 times, PCG stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 1.4% Gains
PCG is scheduled to report earnings on 7-Nov-2024. The last time Pg&E reported earnings on Jul 25, 2024, the stock dropped by -1.3% to close at $18.01. At its current price of $20.33, PCG post earnings drift is +12.9%. Typically, traders tended to bid up PCG shares (heading into earnings) prior to its scheduled release.

PCG Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves PCG had for the last 12 quarters around earnings. The 3 day run up into earnings is notable as it shows that the stock increased 83% of the time for an average gain of 1.4%. That was actually a better bullish play than holding PCG through earnings that saw a -0.9% decline.

PCG historical stock price movement before earnings

Go to PCG Historical Price Movements Around Earnings page



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