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Exelon (EXC) Misses Q4 Earnings Estimates, Beats Revenues

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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 have a positive impact on Exelon’s cash flow.

Estimate Trend & Surprise History

Investors should note that the fourth quarter Zacks Consensus Estimate for earnings of 62 cents per share increased by 3.3% over the last 60 days.

Coming to the earnings surprise, Exelon has surpassed the Zacks Consensus Estimate in two of the last four quarters, resulting in a positive average surprise of 1.76%.

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 fourth 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 55 cents per share, lagging the Zacks Consensus Estimate of 62 cents by 11.3%.

Revenue: Exelon’s total revenues came in at $8,381 million, 10.3% higher than the Zacks Consensus Estimate of $7,596 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 Dec 31, 2017, was 85–88% for 2018, 55–58% for 2019, and 26–29% for 2020.

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

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