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What's in the Offing for Exelon (EXC) This Earnings Season?

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Exelon Corporation EXC is scheduled to release second-quarter 2021 earnings on Aug 4, before the market opens. This utility delivered a negative earnings surprise of 7.04% in the last reported quarter.

Let’s see how things have shaped up before the upcoming earnings announcement.

Factors to Note

With the rollout of vaccines and easing of restrictions, demand from commercial and industrial customers is expected to have benefited earnings in the second quarter. Demand from the residential group is expected to have remained stable, in turn boosting earnings.

Exelon’s nuclear plants’ high capacity factor and strong operation of fossil and renewable operations are likely to boost the upcoming results. Its cost-management program is also expected to support the results.

Expectations

The Zacks Consensus Estimate for second-quarter revenues and earnings per share is pegged at $7.76 billion and 66 cents, respectively. The estimated figures indicate an increase of 5.9% and 20%, respectively, from the year-ago reported numbers.

What Our Quantitative Model Predicts

Our proven model predicts an earnings beat for Exelon this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the case here as you will see below. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Exelon Corporation Price and EPS Surprise

Exelon Corporation Price and EPS Surprise
Exelon Corporation Price and EPS Surprise

Exelon Corporation price-eps-surprise | Exelon Corporation Quote

Earnings ESP: The company’s Earnings ESP is +6.16%.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Currently, Exelon carries a Zacks Rank #3.

Other Stocks to Consider

Investors can also consider the following players from the same industry that too have the right combination of elements to post an earnings beat in the to-be-reported quarter.

NRG Energy Inc. NRG is expected to beat second-quarter earnings estimates when it reports quarterly results on Aug 5, 2021. The company has an Earnings ESP of +33.09% and a Zacks Rank of 3, at present.

Consolidated Edison ED is expected to beat second-quarter earnings estimates when it reports quarterly results on Aug 5, 2021. The company has an Earnings ESP of +1.61% and a Zacks Rank of 3, at present.

Dominion Energy D is expected to beat second-quarter earnings estimates when it reports quarterly results on Aug 6, 2021. The company has an Earnings ESP of +2.67% and a Zacks Rank of 3, at present.


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Exelon Corporation (EXC) : Free Stock Analysis Report

NRG Energy, Inc. (NRG) : Free Stock Analysis Report

Consolidated Edison Inc (ED) : Free Stock Analysis Report

Dominion Energy Inc. (D) : Free Stock Analysis Report

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