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Constellation Energy Corporation (CEG) Stock Drops Despite Market Gains: Important Facts to Note
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In the latest trading session, Constellation Energy Corporation (CEG - Free Report) closed at $272.82, marking a -2.38% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.11%. Elsewhere, the Dow saw a downswing of 0.13%, while the tech-heavy Nasdaq appreciated by 0.18%.
Heading into today, shares of the company had lost 13.44% over the past month, lagging the Oils-Energy sector's gain of 6.63% and the S&P 500's loss of 4.28%.
The investment community will be closely monitoring the performance of Constellation Energy Corporation in its forthcoming earnings report. It is anticipated that the company will report an EPS of $2.56, marking a 19.63% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $8.77 billion, indicating a 29.22% growth compared to the corresponding quarter of the prior year.
CEG's full-year Zacks Consensus Estimates are calling for earnings of $12.12 per share and revenue of $32.99 billion. These results would represent year-over-year changes of +29.07% and +29.19%, respectively.
Any recent changes to analyst estimates for Constellation Energy Corporation should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.53% higher. Currently, Constellation Energy Corporation is carrying a Zacks Rank of #2 (Buy).
Digging into valuation, Constellation Energy Corporation currently has a Forward P/E ratio of 23.06. This indicates a premium in contrast to its industry's Forward P/E of 18.04.
It's also important to note that CEG currently trades at a PEG ratio of 1.07. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Alternative Energy - Other industry was having an average PEG ratio of 2.28.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 80, positioning it in the top 33% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Constellation Energy Corporation (CEG) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, Constellation Energy Corporation (CEG - Free Report) closed at $272.82, marking a -2.38% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.11%. Elsewhere, the Dow saw a downswing of 0.13%, while the tech-heavy Nasdaq appreciated by 0.18%.
Heading into today, shares of the company had lost 13.44% over the past month, lagging the Oils-Energy sector's gain of 6.63% and the S&P 500's loss of 4.28%.
The investment community will be closely monitoring the performance of Constellation Energy Corporation in its forthcoming earnings report. It is anticipated that the company will report an EPS of $2.56, marking a 19.63% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $8.77 billion, indicating a 29.22% growth compared to the corresponding quarter of the prior year.
CEG's full-year Zacks Consensus Estimates are calling for earnings of $12.12 per share and revenue of $32.99 billion. These results would represent year-over-year changes of +29.07% and +29.19%, respectively.
Any recent changes to analyst estimates for Constellation Energy Corporation should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.53% higher. Currently, Constellation Energy Corporation is carrying a Zacks Rank of #2 (Buy).
Digging into valuation, Constellation Energy Corporation currently has a Forward P/E ratio of 23.06. This indicates a premium in contrast to its industry's Forward P/E of 18.04.
It's also important to note that CEG currently trades at a PEG ratio of 1.07. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Alternative Energy - Other industry was having an average PEG ratio of 2.28.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 80, positioning it in the top 33% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.