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Exelon (EXC) Tops on Q3 Earnings, Raises 2016 Guidance
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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 was finally able close the much awaited merger with Pepco Holdings after the necessary approval was provided by the Public Service Commission of the District of Columbia.
Estimate Trend & Surprise History
Investors should note that the third quarter Zacks Consensus Estimate for earnings of 74 cents per share increased by 1.4% over the last 30 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 8.36%.
Earnings: Exelon surpassed third quarter earnings estimate. Adjusted earnings per share came in at 91 cents, beating the Zacks Consensus Estimate of 74 cents per share by nearly 23%.
Revenue: Revenues of $8,836 million surpassed the Zacks Consensus Estimate of $8,698 million by 1.6%
Key Stats: Thanks to its strong performance, Exelon raised its earnings expectation for 2016 from $2.55 to $2.75 per share.
Check back for our full write up on this EXC earnings report later!
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Exelon (EXC) Tops on Q3 Earnings, Raises 2016 Guidance
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 was finally able close the much awaited merger with Pepco Holdings after the necessary approval was provided by the Public Service Commission of the District of Columbia.
Estimate Trend & Surprise History
Investors should note that the third quarter Zacks Consensus Estimate for earnings of 74 cents per share increased by 1.4% over the last 30 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 8.36%.
Zacks Rank: Currently, Exelon has a Zacks Rank #3 (Hold) but that could change following its third quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
EXELON CORP Price and EPS Surprise
EXELON CORP Price and EPS Surprise | EXELON CORP Quote
Earnings: Exelon surpassed third quarter earnings estimate. Adjusted earnings per share came in at 91 cents, beating the Zacks Consensus Estimate of 74 cents per share by nearly 23%.
Revenue: Revenues of $8,836 million surpassed the Zacks Consensus Estimate of $8,698 million by 1.6%
Key Stats: Thanks to its strong performance, Exelon raised its earnings expectation for 2016 from $2.55 to $2.75 per share.
Check back for our full write up on this EXC earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>