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Constellation Energy Corporation (CEG) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest close session, Constellation Energy Corporation (CEG - Free Report) was down 1.74% at $264.02. The stock's change was less than the S&P 500's daily loss of 0.05%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.24%.
Prior to today's trading, shares of the company had lost 6.15% was narrower than the Oils-Energy sector's loss of 8.57% and lagged the S&P 500's loss of 1.42%.
Investors will be eagerly watching for the performance of Constellation Energy Corporation in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.24, indicating a 17.28% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $9.07 billion, reflecting a 48.62% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.74 per share and a revenue of $40.04 billion, representing changes of +25.03% and +56.8%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Constellation Energy Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.38% higher. Constellation Energy Corporation currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Constellation Energy Corporation is presently trading at a Forward P/E ratio of 22.89. This indicates a premium in contrast to its industry's Forward P/E of 18.23.
It is also worth noting that CEG currently has a PEG ratio of 1.05. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Alternative Energy - Other stocks are, on average, holding a PEG ratio of 2.11 based on yesterday's closing prices.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 103, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.
View the Zacks #1 Rank List
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Constellation Energy Corporation (CEG) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest close session, Constellation Energy Corporation (CEG - Free Report) was down 1.74% at $264.02. The stock's change was less than the S&P 500's daily loss of 0.05%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.24%.
Prior to today's trading, shares of the company had lost 6.15% was narrower than the Oils-Energy sector's loss of 8.57% and lagged the S&P 500's loss of 1.42%.
Investors will be eagerly watching for the performance of Constellation Energy Corporation in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.24, indicating a 17.28% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $9.07 billion, reflecting a 48.62% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.74 per share and a revenue of $40.04 billion, representing changes of +25.03% and +56.8%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Constellation Energy Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.38% higher. Constellation Energy Corporation currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Constellation Energy Corporation is presently trading at a Forward P/E ratio of 22.89. This indicates a premium in contrast to its industry's Forward P/E of 18.23.
It is also worth noting that CEG currently has a PEG ratio of 1.05. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Alternative Energy - Other stocks are, on average, holding a PEG ratio of 2.11 based on yesterday's closing prices.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 103, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.