In its upcoming report, Exelon (EXC) is predicted by Wall Street analysts to post quarterly earnings of $0.59 per share, reflecting a decline of 1.7% compared to the same period last year. Revenues are forecasted to be $5.45 billion, representing a year-over-year increase of 1.6%.
Over the last 30 days, there has been an upward revision of 1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Exelon metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Operating revenues- ComEd' will likely reach $1.98 billion. The estimate indicates a year-over-year change of -1.5%.
The collective assessment of analysts points to an estimated 'Operating revenues- PECO' of $974.99 million. The estimate suggests a change of +6.3% year over year.
Analysts predict that the 'Operating revenues- BGE' will reach $1.06 billion. The estimate suggests a change of +1.4% year over year.
Analysts forecast 'Operating revenues- PHI' to reach $1.49 billion. The estimate indicates a change of +5.7% from the prior-year quarter.
According to the collective judgment of analysts, 'Natural gas revenues- BGE' should come in at $256.22 million. The estimate suggests a change of +0.5% year over year.
The average prediction of analysts places 'Electric revenues- DPL' at $379.74 million. The estimate indicates a change of +5.5% from the prior-year quarter.
Analysts expect 'Electric revenues- ACE' to come in at $390.69 million. The estimate points to a change of +11.6% from the year-ago quarter.
The consensus estimate for 'Electric revenues- PHI' stands at $1.47 billion. The estimate indicates a change of +8.7% from the prior-year quarter.
Based on the collective assessment of analysts, 'Natural gas revenues- PHI' should arrive at $52.22 million. The estimate points to a change of -5.1% from the year-ago quarter.
Analysts' assessment points toward 'Natural gas revenues- PECO' reaching $175.17 million. The estimate suggests a change of -12% year over year.
It is projected by analysts that the 'Electric revenues- BGE' will reach $794.76 million. The estimate points to a change of +1.1% from the year-ago quarter.
The consensus among analysts is that 'Electric revenues- PECO' will reach $802.17 million. The estimate points to a change of +11.7% from the year-ago quarter.
View all Key Company Metrics for Exelon here>>>
Shares of Exelon have experienced a change of +7.7% in the past month compared to the +1.9% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), EXC is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Exelon Corporation (EXC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.