Exelon Corporation (NYSE:EXC) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on February 08, 2017. The stock added about 8.3 percent in price since last results when it was at $32.56 a share. Based on the most relevant past-periods data, there is an 50 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 14 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 66% of the time in its last 12 earnings reports. It fell short of earnings estimates on 4 occasions, and it has met expectations 0 time.
Here’s how traders responded to EXC earnings announcements over the past few quarters.
Exelon Corporation (EXC) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 9.88 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $0.91 which beat the consensus $0.74 projection (positive surprise of22.97%. For the quarter, revenue came in at 8.84B versus consensus estimate of 7.79B. The stock gained 1.07 percent the session following the earnings reports were released, and on 7th day price change was 1.07 percent.
On August 9, 2016, it reported earnings at $0.65 a share compared with the consensus estimate of $0.56 per share (positive surprise of 16.07%). Revenue of 7.54B for that quarter was above the $7.3B analysts had expected. The stock retreated -0.71% the day following the earnings announcement, and on 7th day price change was -3.22%.
On May 6, 2016, it recorded $0.68 a share in earnings which topped the consensus estimate of $0.66 (positive surprise of 3.03%). Revenue for the quarter was $7.48B while analysts called for revenues to be $7.52B. The stock gained 0.87% the day following the earnings data was made public, and on 7th day price change was 1.13%.
On February 3, 2016, it announced earnings per share at $0.38 versus the consensus estimate of $0.39 per share (negative surprise of -2.56%). That came on revenues of $6.68B for that period. Analysts had expected $5.74B in revenue.
Exelon Corporation Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.74. The analysts’ present consensus range is $0.68-$0.77 for EPS. The market consensus range for revenue is between $7.26B and $8B, with an average of $7.69B.
Exelon Corporation (NYSE:EXC) last ended at $35.06, sending the company’s market cap near $32.37B. The consensus 12-month price target from analysts covering the stock is $38.19. The share price has declined -5.22% from its top level in 52 weeks and advanced -1.21% this year. It recently traded in a range of $35.01-$35.49 at a volume of 5329444 shares. The recent trading ended with the price nearly -0.37 lower for the last 5 trading days, rebounding 38.65% from its 52-week low.