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Exelon (EXC) Q3 Earnings Miss by a Penny, Revenues Lag

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Exelon Corporation (EXC - Free Report) , a competitive energy provider, delivers electricity and natural gas to customers in central Maryland, northern Illinois and southeastern Pennsylvania through its subsidiaries. The Chicago, IL-based firm operates in 48 states and the District of Columbia of the U.S., and Canada.

Exelon’s strategy of matching its load business with generation fleet, addition of renewable and natural gas based power generating units to its portfolio, systematic divestment of non-core assets will drive its performance. Exelon’s acquisition of Pepco Holdings Inc. is expected to increase cash flow by $700 million to $850 million in the 2017–2019 time period.

Estimate Trend & Surprise History

Investors should note that the third quarter Zacks Consensus Estimate for earnings of 86 cents per share decreased by 3.4% over the last 90 days.

Coming to the earnings surprise, Exelon has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 7.79%.

Exelon Corporation Price and EPS Surprise
 

Exelon Corporation Price and EPS Surprise | Exelon Corporation Quote

Zacks Rank: Currently, Exelon has a Zacks Rank#3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

However the rank could change following its third quarter 2017 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: Exelon reported earnings of 85 cents per share, lagging the Zacks Consensus Estimate of 86 cents by a penny.

Revenue: Exelon’s total revenues came in at $8,730 million, 3.9% lower than the Zacks Consensus Estimate of $9,085 million.

Key Stats: Exelon's hedging program involves hedging of commodity risks for expected generation, typically on a ratable basis, over a three-year period. The proportion of expected generation hedged as of Sep 30, 2017, was 98–101% for 2017, 79–82% for 2018, and 45–48% for 2019.

Check back for our full write up on this EXC earnings report later!

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