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Exelon (EXC) to Report Q2 Earnings: What's in the Cards?
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Exelon Corporation (EXC - Free Report) is expected to release second-quarter 2022 earnings on Aug 3. The utility delivered an average negative earnings surprise of 7.73% for the last four reported quarters.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
Exelon’s second-quarter earnings are likely to have gained from cost management, strong demand from commercial and industrial customers, and decoupled distribution rates, which reduce volumetric risk.
Exelon’s second-quarter earnings are likely to have benefitted from new rates effective in service territories of its unit, Commonwealth Edison, PECO Energy Company and Atlantic City Electric.
Expectations
The Zacks Consensus Estimate for second-quarter revenues and earnings per share is pegged at $4.12 billion and 46 cents, respectively. The bottom-line projection indicates a decline of 48.3% from the year-ago quarter’s reported figure and the top-line estimate suggests a 47.9% year-over-year decline.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Exelon this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as you will see below. You can see the complete list of today's Zacks #1 Rank stocks here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Exelon carries a Zacks Rank #3.
Stocks to Consider
Investors can consider players from the same industry that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
WEC Energy Group (WEC - Free Report) is likely to come up with an earnings beat when it reports second-quarter results on Aug 2. WEC has an Earnings ESP of +0.08% and a Zacks Rank of #2 at present.
WEC Energy’s long-term (three to five years) earnings growth is currently pegged at 6.08%. The Zacks Consensus Estimate for WEC’s 2022 and 2023 EPS indicates 6.3% and 5.4% year-over-year growth, respectively.
Entergy Corporation (ETR - Free Report) is likely to come up with an earnings beat when it reports second-quarter results on Aug 3. ETR has an Earnings ESP of +0.35% and a Zacks Rank of #3 at present.
Entergy’s long-term earnings growth is currently pegged at 6.7%. The Zacks Consensus Estimate for ETR’s 2022 and 2023 EPS indicates 5.6% and 5.9% year-over-year growth, respectively.
Consolidated Edison (ED - Free Report) is likely to come up with an earnings beat when it reports second-quarter results on Aug 4. ED has an Earnings ESP of +1.15% and a Zacks Rank of #3 at present.
Consolidated Edison’s long-term earnings growth is currently pegged at 2%. The Zacks Consensus Estimate for ED’s 2022 and 2023 EPS indicates 2.3% and 7.7% year-over-year growth, respectively.
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Exelon (EXC) to Report Q2 Earnings: What's in the Cards?
Exelon Corporation (EXC - Free Report) is expected to release second-quarter 2022 earnings on Aug 3. The utility delivered an average negative earnings surprise of 7.73% for the last four reported quarters.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
Exelon’s second-quarter earnings are likely to have gained from cost management, strong demand from commercial and industrial customers, and decoupled distribution rates, which reduce volumetric risk.
Exelon’s second-quarter earnings are likely to have benefitted from new rates effective in service territories of its unit, Commonwealth Edison, PECO Energy Company and Atlantic City Electric.
Expectations
The Zacks Consensus Estimate for second-quarter revenues and earnings per share is pegged at $4.12 billion and 46 cents, respectively. The bottom-line projection indicates a decline of 48.3% from the year-ago quarter’s reported figure and the top-line estimate suggests a 47.9% year-over-year decline.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Exelon this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as you will see below. You can see the complete list of today's Zacks #1 Rank stocks here.
Exelon Corporation Price and EPS Surprise
Exelon Corporation price-eps-surprise | Exelon Corporation Quote
Earnings ESP: Exelon’s Earnings ESP is 0.00%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Exelon carries a Zacks Rank #3.
Stocks to Consider
Investors can consider players from the same industry that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
WEC Energy Group (WEC - Free Report) is likely to come up with an earnings beat when it reports second-quarter results on Aug 2. WEC has an Earnings ESP of +0.08% and a Zacks Rank of #2 at present.
WEC Energy’s long-term (three to five years) earnings growth is currently pegged at 6.08%. The Zacks Consensus Estimate for WEC’s 2022 and 2023 EPS indicates 6.3% and 5.4% year-over-year growth, respectively.
Entergy Corporation (ETR - Free Report) is likely to come up with an earnings beat when it reports second-quarter results on Aug 3. ETR has an Earnings ESP of +0.35% and a Zacks Rank of #3 at present.
Entergy’s long-term earnings growth is currently pegged at 6.7%. The Zacks Consensus Estimate for ETR’s 2022 and 2023 EPS indicates 5.6% and 5.9% year-over-year growth, respectively.
Consolidated Edison (ED - Free Report) is likely to come up with an earnings beat when it reports second-quarter results on Aug 4. ED has an Earnings ESP of +1.15% and a Zacks Rank of #3 at present.
Consolidated Edison’s long-term earnings growth is currently pegged at 2%. The Zacks Consensus Estimate for ED’s 2022 and 2023 EPS indicates 2.3% and 7.7% year-over-year growth, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.