Based in Chicago, Illinois, Exelon Corporation (EXC) is a leading integrated energy company committed to providing clean and reliable energy solutions. With a market cap of $36.25 billion, Exelon is highly regarded for its focus on innovation in energy production and its extensive portfolio of utility and power generation assets. The company is set to announce its fiscal Q2 earnings results before the market opens on Thursday, Aug. 1.
Ahead of the event, analysts expect EXC to report a profit of $0.44 per share, up 7.3% from $0.41 per share in the year-ago quarter. In the last four quarters, the company has surpassed Wall Street’s bottom-line estimates in two and missed on other occasions.
Exelon Corporation's adjusted earnings of $0.69 per share for the last quarter missed the consensus estimate by 1.4%. Higher operating and interest expenses caused its Q1 2024 earnings to miss expectations.
For fiscal 2024, analysts expect EXC to report EPS of $2.43, up 2.1% from $2.38 in fiscal 2023.
EXC stock has declined marginally on a YTD basis, underperforming the broader S&P 500 Index's ($SPX) 16.5% gains and the Vanguard Utilities Index Fund ETF’s (VPU) 11.6% returns over the same time frame.
On May 2, EXC reported its Q1 results. The company’s revenue and net income were $6.04 billion and $658 million, respectively. Shares of EXC closed down more than 1% in the session following the day the results were released.
The consensus opinion on EXC stock is cautious, with an overall “Hold” rating. Out of 17 analysts covering the stock, four advise a “Strong Buy” rating, 12 suggests a “Hold,” and one recommends a “Strong Sell.” EXC's average analyst price target is $39.43, indicating a potential upside of 9.9% from the current levels.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
