S&P 500 (NYSE:SPY) component Constellation Energy Group, Inc. (NYSE:CEG) will unveil its latest earnings on Wednesday, August 3, 2011. Constellation Energy Group, Inc. is an energy company that provides energy solutions and electric transmission through its subsidiaries.
Constellation Energy Group, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 82 cents per share, a rise of 15.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 81 cents. Between one and three months ago, the average estimate moved up, but has dropped from 86 cents during the last month. For the year, analysts are projecting profit of $3.21 per share, a rise of 4.9% from last year.
Past Earnings Performance: The company enters this earnings report having missed estimates the last four quarters. Last quarter, the company fell short of expectations by 33 cents, reporting net income of of 63 cents per share against a mean estimate of profit of 96 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $3.86 billion in revenue this quarter, a rise of 16.6% from the year ago quarter. Analysts are forecasting total revenue of $15.62 billion for the year, a rise of 8.9% from last year’s revenue of $14.34 billion.
Analyst Ratings: Analysts seem relatively indifferent about Constellation Energy Group with seven of 10 analysts surveyed maintaining a hold rating.
Revenue fell in the first quarter after seeing a rise the quarter before. Revenue dropped 0.5% to $3.57 billion in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue rose 2.1%.
Competitors to Watch: Calpine Corporation (NYSE:CPN), NRG Energy, Inc. (NYSE:NRG), Dynegy Inc. (NYSE:DYN), Exelon Corporation (NYSE:EXC), ALLETE, Inc. (NYSE:ALE), ITC Holdings Corp. (NYSE:ITC), Integrys Energy Group, Inc. (NYSE:TEG), The AES Corporation (NYSE:AES), Pepco Holdings, Inc. (NYSE:POM), and American Electric Power Co., Inc. (NYSE:AEP).
Stock Price Performance: During May 3, 2011 to July 28, 2011, the stock price had risen $3.07 (8.5%) from $36.33 to $39.40. The stock price saw one of its best stretches over the last year between December 15, 2010 and December 27, 2010 when shares rose for eight-straight days, rising 13.3% (+$3.62) over that span. It saw one of its worst periods between November 4, 2010 and November 16, 2010 when shares fell for nine-straight days, falling 7% (-$2.09) over that span. Shares are up $9.21 (+30.5%) year to date.
(Source: Xignite Financials)