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Constellation Energy Corporation (CEG) Outperforms Broader Market: What You Need to Know
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Constellation Energy Corporation (CEG - Free Report) ended the recent trading session at $357.46, demonstrating a +1.87% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.06%. Elsewhere, the Dow saw an upswing of 0.17%, while the tech-heavy Nasdaq appreciated by 0.39%.
Coming into today, shares of the company had gained 13.75% in the past month. In that same time, the Oils-Energy sector gained 0.54%, while the S&P 500 gained 3.94%.
Analysts and investors alike will be keeping a close eye on the performance of Constellation Energy Corporation in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.06, signifying a 11.68% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $6.37 billion, reflecting a 2.8% fall from the equivalent quarter last year.
CEG's full-year Zacks Consensus Estimates are calling for earnings of $9.42 per share and revenue of $24.44 billion. These results would represent year-over-year changes of +8.65% and +3.7%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Constellation Energy Corporation. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.1% higher. Constellation Energy Corporation is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Constellation Energy Corporation is currently trading at a Forward P/E ratio of 37.25. This represents a premium compared to its industry average Forward P/E of 20.49.
We can additionally observe that CEG currently boasts a PEG ratio of 2.3. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Alternative Energy - Other industry was having an average PEG ratio of 2.5.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 164, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Constellation Energy Corporation (CEG) Outperforms Broader Market: What You Need to Know
Constellation Energy Corporation (CEG - Free Report) ended the recent trading session at $357.46, demonstrating a +1.87% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.06%. Elsewhere, the Dow saw an upswing of 0.17%, while the tech-heavy Nasdaq appreciated by 0.39%.
Coming into today, shares of the company had gained 13.75% in the past month. In that same time, the Oils-Energy sector gained 0.54%, while the S&P 500 gained 3.94%.
Analysts and investors alike will be keeping a close eye on the performance of Constellation Energy Corporation in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.06, signifying a 11.68% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $6.37 billion, reflecting a 2.8% fall from the equivalent quarter last year.
CEG's full-year Zacks Consensus Estimates are calling for earnings of $9.42 per share and revenue of $24.44 billion. These results would represent year-over-year changes of +8.65% and +3.7%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Constellation Energy Corporation. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.1% higher. Constellation Energy Corporation is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Constellation Energy Corporation is currently trading at a Forward P/E ratio of 37.25. This represents a premium compared to its industry average Forward P/E of 20.49.
We can additionally observe that CEG currently boasts a PEG ratio of 2.3. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Alternative Energy - Other industry was having an average PEG ratio of 2.5.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 164, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.