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Constellation Energy Corporation (CEG) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest close session, Constellation Energy Corporation (CEG - Free Report) was down 4.85% at $285.07. This change lagged the S&P 500's daily loss of 0.47%. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, lost 1.25%.
Heading into today, shares of the company had gained 1.93% over the past month, outpacing the Oils-Energy sector's gain of 1.58% and the S&P 500's gain of 1.15%.
The investment community will be closely monitoring the performance of Constellation Energy Corporation in its forthcoming earnings report. The company is predicted to post an EPS of $3.99, indicating a 31.25% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $8.69 billion, indicating a 32.2% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.19 per share and a revenue of $33.68 billion, signifying shifts of +29.82% and +31.92%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Constellation Energy Corporation. 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.38% higher. Constellation Energy Corporation is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Constellation Energy Corporation currently has a Forward P/E ratio of 24.59. This signifies a premium in comparison to the average Forward P/E of 17.82 for its industry.
It's also important to note that CEG currently trades at a PEG ratio of 1.65. 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 2.01 at the close of the market yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 91, positioning it in the top 37% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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
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Constellation Energy Corporation (CEG) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest close session, Constellation Energy Corporation (CEG - Free Report) was down 4.85% at $285.07. This change lagged the S&P 500's daily loss of 0.47%. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, lost 1.25%.
Heading into today, shares of the company had gained 1.93% over the past month, outpacing the Oils-Energy sector's gain of 1.58% and the S&P 500's gain of 1.15%.
The investment community will be closely monitoring the performance of Constellation Energy Corporation in its forthcoming earnings report. The company is predicted to post an EPS of $3.99, indicating a 31.25% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $8.69 billion, indicating a 32.2% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.19 per share and a revenue of $33.68 billion, signifying shifts of +29.82% and +31.92%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Constellation Energy Corporation. 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.38% higher. Constellation Energy Corporation is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Constellation Energy Corporation currently has a Forward P/E ratio of 24.59. This signifies a premium in comparison to the average Forward P/E of 17.82 for its industry.
It's also important to note that CEG currently trades at a PEG ratio of 1.65. 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 2.01 at the close of the market yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 91, positioning it in the top 37% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.