Exelon Corporation (EXC - Free Report) is scheduled to release third-quarter 2022 earnings on Nov 3. The utility delivered an average negative earnings surprise of 2.76% for the last four reported quarters.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
Exelon’s third-quarter earnings are likely to have gained from cost management, strong demand from customers and decoupled distribution rates, which reduce volumetric risk.
Exelon’s third-quarter earnings are likely to have benefited from new electric and gas rates effective in PECO Energy Company’s service territories.
Expectations
The Zacks Consensus Estimate for third-quarter revenues and earnings per share is pegged at $5.01 billion and 72 cents, respectively. The bottom-line and top-line projections indicate a decline of 33.9% and 43.8%, respectively, from the year-ago quarter’s reported figure.
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. You can see the complete list of today's Zacks #1 Rank stocks here.
Earnings ESP: Exelon’s Earnings ESP is 0.00%.
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.
Stocks to Consider
Investors can consider players from the same industry that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Pinnacle West Capital Corporation (PNW - Free Report) is likely to come up with an earnings beat when it reports third-quarter results on Nov 3. PNW has an Earnings ESP of +1.65% and a Zacks Rank #2 at present.
The Zacks Consensus Estimate for PNW’s 2023 EPS indicates 5.2% year-over-year growth.
Ameren Corporation (AEE - Free Report) is likely to come up with an earnings beat when it reports third-quarter results on Nov 3. It has an Earnings ESP of +1.41% and a Zacks Rank #3 at present.
Ameren’s long-term (three to five-year) earnings growth is currently pegged at 7.2%. The Zacks Consensus Estimate for AEE’s 2022 and 2023 EPS indicates 6.2% and 7% year-over-year growth, respectively.
The AES Corporation (AES - Free Report) is likely to come up with an earnings beat when it reports third-quarter results on Nov 3. The company has an Earnings ESP of +3.42% and a Zacks Rank #3 at present.
AES Corp.’s long-term earnings growth is currently pegged at 8.2%. The Zacks Consensus Estimate for AES’ 2022 and 2023 EPS indicates 5.9% and 10% year-over-year growth, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Exelon Corporation (EXC - Free Report) is scheduled to release third-quarter 2022 earnings on Nov 3. The utility delivered an average negative earnings surprise of 2.76% for the last four reported quarters.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
Exelon’s third-quarter earnings are likely to have gained from cost management, strong demand from customers and decoupled distribution rates, which reduce volumetric risk.
Exelon’s third-quarter earnings are likely to have benefited from new electric and gas rates effective in PECO Energy Company’s service territories.
Expectations
The Zacks Consensus Estimate for third-quarter revenues and earnings per share is pegged at $5.01 billion and 72 cents, respectively. The bottom-line and top-line projections indicate a decline of 33.9% and 43.8%, respectively, from the year-ago quarter’s reported figure.
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. You can see the complete list of today's Zacks #1 Rank stocks here.
Earnings ESP: Exelon’s Earnings ESP is 0.00%.
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.
Stocks to Consider
Investors can consider players from the same industry that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Pinnacle West Capital Corporation (PNW - Free Report) is likely to come up with an earnings beat when it reports third-quarter results on Nov 3. PNW has an Earnings ESP of +1.65% and a Zacks Rank #2 at present.
The Zacks Consensus Estimate for PNW’s 2023 EPS indicates 5.2% year-over-year growth.
Ameren Corporation (AEE - Free Report) is likely to come up with an earnings beat when it reports third-quarter results on Nov 3. It has an Earnings ESP of +1.41% and a Zacks Rank #3 at present.
Ameren’s long-term (three to five-year) earnings growth is currently pegged at 7.2%. The Zacks Consensus Estimate for AEE’s 2022 and 2023 EPS indicates 6.2% and 7% year-over-year growth, respectively.
The AES Corporation (AES - Free Report) is likely to come up with an earnings beat when it reports third-quarter results on Nov 3. The company has an Earnings ESP of +3.42% and a Zacks Rank #3 at present.
AES Corp.’s long-term earnings growth is currently pegged at 8.2%. The Zacks Consensus Estimate for AES’ 2022 and 2023 EPS indicates 5.9% and 10% year-over-year growth, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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