Zacks Research Has Pessimistic Outlook of Exelon Q3 Earnings

Exelon Co. (NASDAQ:EXC) – Equities research analysts at Zacks Research reduced their Q3 2024 earnings per share (EPS) estimates for Exelon in a report issued on Tuesday, October 29th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $0.67 per share for the quarter, down from their prior forecast of $0.68. The consensus estimate for Exelon’s current full-year earnings is $2.44 per share. Zacks Research also issued estimates for Exelon’s Q4 2024 earnings at $0.61 EPS, FY2024 earnings at $2.43 EPS, Q2 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.64 EPS, FY2025 earnings at $2.60 EPS, Q1 2026 earnings at $0.77 EPS, Q3 2026 earnings at $0.82 EPS and FY2026 earnings at $2.76 EPS.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same period in the previous year, the business earned $0.41 earnings per share.

A number of other analysts have also issued reports on the company. UBS Group lifted their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Scotiabank lifted their price target on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Barclays lifted their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley boosted their price objective on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Jefferies Financial Group began coverage on Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price for the company. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.33.

Exelon Stock Up 0.4 %

Exelon stock opened at $39.70 on Wednesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The business has a 50 day simple moving average of $39.62 and a 200-day simple moving average of $37.69. The stock has a market capitalization of $39.72 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 2.90 and a beta of 0.53. Exelon has a 12 month low of $33.35 and a 12 month high of $41.48.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Monday, November 11th. Exelon’s dividend payout ratio is presently 62.55%.

Hedge Funds Weigh In On Exelon

Several hedge funds have recently bought and sold shares of the company. Harvest Portfolios Group Inc. acquired a new position in Exelon during the 3rd quarter worth about $6,043,000. Radnor Capital Management LLC lifted its stake in Exelon by 1.8% during the 3rd quarter. Radnor Capital Management LLC now owns 36,925 shares of the company’s stock worth $1,497,000 after acquiring an additional 649 shares in the last quarter. Catalyst Capital Advisors LLC lifted its stake in Exelon by 63.4% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,598 shares of the company’s stock worth $65,000 after acquiring an additional 620 shares in the last quarter. World Equity Group Inc. lifted its stake in Exelon by 15.4% during the 3rd quarter. World Equity Group Inc. now owns 15,550 shares of the company’s stock worth $631,000 after acquiring an additional 2,071 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Exelon by 6.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 383,562 shares of the company’s stock worth $15,553,000 after acquiring an additional 24,014 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.