We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Constellation Energy Corporation (CEG) Beats Stock Market Upswing: What Investors Need to Know
Read MoreHide Full Article
Constellation Energy Corporation (CEG - Free Report) closed the most recent trading day at $262.11, moving +2.91% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 1.49%. Elsewhere, the Dow gained 0.71%, while the tech-heavy Nasdaq added 2.26%.
Shares of the company have depreciated by 6.66% over the course of the past month, underperforming the Oils-Energy sector's gain of 0.51%, and the S&P 500's gain of 0.1%.
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 $3.96, marking a 30.26% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $8.65 billion, indicating a 31.65% growth compared to the corresponding quarter of the prior year.
CEG's full-year Zacks Consensus Estimates are calling for earnings of $12.19 per share and revenue of $33.68 billion. These results would represent year-over-year changes of +29.82% and +31.9%, respectively.
Any recent changes to analyst estimates for Constellation Energy Corporation should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 last 30 days, the Zacks Consensus EPS estimate has moved 1.05% higher. Right now, Constellation Energy Corporation possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Constellation Energy Corporation is presently being traded at a Forward P/E ratio of 20.9. This represents a premium compared to its industry average Forward P/E of 17.31.
It is also worth noting that CEG currently has a PEG ratio of 1.4. 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. The average PEG ratio for the Alternative Energy - Other industry stood at 2.23 at the close of the market yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 157, finds itself in the bottom 37% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Constellation Energy Corporation (CEG) Beats Stock Market Upswing: What Investors Need to Know
Constellation Energy Corporation (CEG - Free Report) closed the most recent trading day at $262.11, moving +2.91% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 1.49%. Elsewhere, the Dow gained 0.71%, while the tech-heavy Nasdaq added 2.26%.
Shares of the company have depreciated by 6.66% over the course of the past month, underperforming the Oils-Energy sector's gain of 0.51%, and the S&P 500's gain of 0.1%.
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 $3.96, marking a 30.26% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $8.65 billion, indicating a 31.65% growth compared to the corresponding quarter of the prior year.
CEG's full-year Zacks Consensus Estimates are calling for earnings of $12.19 per share and revenue of $33.68 billion. These results would represent year-over-year changes of +29.82% and +31.9%, respectively.
Any recent changes to analyst estimates for Constellation Energy Corporation should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 last 30 days, the Zacks Consensus EPS estimate has moved 1.05% higher. Right now, Constellation Energy Corporation possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Constellation Energy Corporation is presently being traded at a Forward P/E ratio of 20.9. This represents a premium compared to its industry average Forward P/E of 17.31.
It is also worth noting that CEG currently has a PEG ratio of 1.4. 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. The average PEG ratio for the Alternative Energy - Other industry stood at 2.23 at the close of the market yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 157, finds itself in the bottom 37% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.