We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Exelon (EXC) to Report Q3 Earnings: Here's What to Expect
Read MoreHide Full Article
Exelon Corporation (EXC - Free Report) is scheduled to release third-quarter 2023 results on Nov 2, before market open. The company delivered an earnings surprise of 2.5% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors to Consider
Exelon’s third-quarter earnings are expected to continue benefiting from its reduction in volumetric risk as nearly 73% of its distribution revenues are decoupled.
The company’s quarterly performance is also likely to have gained from new distribution rates that were implemented during the previous quarters in its service territories of Delmarva Power & Light Company, Commonwealth Edison Company and PECO Energy Company.
The company’s bottom line is also likely to have benefited from energy efficiency programs and cost-saving initiatives.
Expectations
The Zacks Consensus Estimate for earnings is pegged at 68 cents per share, indicating a year-over-year decrease of 9.3%.
The consensus mark for revenues is pinned at $4.96 billion, implying a year-over-year improvement of 2.4%.
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.
Earnings ESP: The company’s Earnings ESP is -2.45%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Investors may consider the following players from the same industry as these have the right combination of elements to post an earnings beat this reporting cycle.
NiSource Inc. (NI - Free Report) is expected to come up with an earnings beat when it reports third-quarter results on Nov 1, before market open. It has an Earnings ESP of +18.52% and a Zacks Rank #2 at present.
NI’s long-term (three to five years) earnings growth rate is 7%. The Zacks Consensus Estimate for earnings is pegged at 14 cents per share, indicating a year-over-year increase of 40%.
Consolidated Edison (ED - Free Report) is likely to report an earnings beat when it announces third-quarter results on Nov 2, after market close. It has an Earnings ESP of +3.93% and a Zacks Rank #2 at present.
ED’s long-term earnings growth rate is 2%. The Zacks Consensus Estimate for earnings is pegged at $1.58 per share.
TransAlta (TAC - Free Report) is likely to come up with an earnings beat when it reports third-quarter results on Nov 7, before market open. It has an Earnings ESP of +15.26% and a Zacks Rank #3 at present.
The Zacks Consensus Estimate for earnings is pegged at 32 cents per share, indicating a year-over-year increase of 88.2%. The consensus mark for 2023 earnings is pinned at $1.44 per share, implying a year-over-year improvement of 1,900%.
Image: Bigstock
Exelon (EXC) to Report Q3 Earnings: Here's What to Expect
Exelon Corporation (EXC - Free Report) is scheduled to release third-quarter 2023 results on Nov 2, before market open. The company delivered an earnings surprise of 2.5% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors to Consider
Exelon’s third-quarter earnings are expected to continue benefiting from its reduction in volumetric risk as nearly 73% of its distribution revenues are decoupled.
The company’s quarterly performance is also likely to have gained from new distribution rates that were implemented during the previous quarters in its service territories of Delmarva Power & Light Company, Commonwealth Edison Company and PECO Energy Company.
The company’s bottom line is also likely to have benefited from energy efficiency programs and cost-saving initiatives.
Expectations
The Zacks Consensus Estimate for earnings is pegged at 68 cents per share, indicating a year-over-year decrease of 9.3%.
The consensus mark for revenues is pinned at $4.96 billion, implying a year-over-year improvement of 2.4%.
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.
Exelon Corporation Price and EPS Surprise
Exelon Corporation price-eps-surprise | Exelon Corporation Quote
Earnings ESP: The company’s Earnings ESP is -2.45%.
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. You can see the complete list of today's Zacks #1 Rank stocks here.
Stocks to Consider
Investors may consider the following players from the same industry as these have the right combination of elements to post an earnings beat this reporting cycle.
NiSource Inc. (NI - Free Report) is expected to come up with an earnings beat when it reports third-quarter results on Nov 1, before market open. It has an Earnings ESP of +18.52% and a Zacks Rank #2 at present.
NI’s long-term (three to five years) earnings growth rate is 7%. The Zacks Consensus Estimate for earnings is pegged at 14 cents per share, indicating a year-over-year increase of 40%.
Consolidated Edison (ED - Free Report) is likely to report an earnings beat when it announces third-quarter results on Nov 2, after market close. It has an Earnings ESP of +3.93% and a Zacks Rank #2 at present.
ED’s long-term earnings growth rate is 2%. The Zacks Consensus Estimate for earnings is pegged at $1.58 per share.
TransAlta (TAC - Free Report) is likely to come up with an earnings beat when it reports third-quarter results on Nov 7, before market open. It has an Earnings ESP of +15.26% and a Zacks Rank #3 at present.
The Zacks Consensus Estimate for earnings is pegged at 32 cents per share, indicating a year-over-year increase of 88.2%. The consensus mark for 2023 earnings is pinned at $1.44 per share, implying a year-over-year improvement of 1,900%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.