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Exelon (EXC) to Report Q1 Earnings: What's in the Offing?

Zacks Equity Research

Exelon Corporation EXC is slated to release first-quarter 2020 financial results on May 8. This utility delivered a positive earnings surprise of 13.7% in the last reported quarter,

Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.

Factors to Consider

Exelon’s planned refueling outages at LaSalle Generating Station Unit 1, Calvert Cliffs Nuclear Power Plant Unit 1, and Nine Mile Point Unit 2 in the first quarter are likely to have lowered total generation capacity and revenues than the previous year.

Demand from commercial and industrial (C&I) customers is expected to have declined in the first quarter due to the novel coronavirus outbreak. However, the stay-at-home directives are expected to have resulted in higher demand from the residential class. This in turn is likely to have marginally offset the decline in demand from the C&I space in the first quarter.

Q1 Expectations

The Zacks Consensus Estimate for first-quarter revenues and earnings per share is pegged at $9.32 billion and 85 cents, respectively. The estimated figures indicate a decline of 1.7% and 2.3%, respectively, from the year-ago reported numbers.

What Our Quantitative Model Predicts

Our proven model doesn’t conclusively predict 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 chances of an earnings beat. That is not the case here as you will see below.

Exelon Corporation Price and EPS Surprise

Exelon Corporation Price and EPS Surprise

Exelon Corporation price-eps-surprise | Exelon Corporation Quote

Earnings ESP: Its Earnings ESP is 0.00%.

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

Zacks Rank: Exelon currently carries a Zacks Rank #3.

Stocks to Consider

Here are a few companies worth considering from the same sector that have the right combination of elements to beat on earnings in the upcoming releases.

Consolidated Edison, Inc. ED is set to release first-quarter 2020 numbers on May 7. It has an Earnings ESP of +0.35% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

New Jersey Resources NJR is scheduled to release second-quarter fiscal 2020 results on May 8. It has an Earnings ESP of +3.86% and a Zacks Rank #3.

Spire Inc. SR is scheduled to release second-quarter fiscal 2020 results on May 8. It has an Earnings ESP of +0.17% and a Zacks Rank #3.

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