Constellation Energy Group Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Constellation Energy Group, Inc. (NYSE:CEG) will unveil its latest earnings on Friday, October 28, 2011. Constellation Energy Group 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 89 cents per share, a rise of 85.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.08. Between one and three months ago, the average estimate moved down. It also has dropped from $1.02 during the last month. Analysts are projecting profit to rise by 3.3% versus last year to $3.16.

Past Earnings Performance: Last quarter, the company fell short of estimates by 6 cents, coming in at profit of 76 cents a share versus the estimate of net income of 82 cents a share. It was the fourth straight quarter of missing estimates.

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Wall St. Revenue Expectations: On average, analysts predict $4.45 billion in revenue this quarter, a rise of 12.1% from the year ago quarter. Analysts are forecasting total revenue of $15.49 billion for the year, a rise of 8% from last year’s revenue of $14.34 billion.

Analyst Ratings: Analysts seem relatively indifferent about Constellation Energy Group with seven of eight analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 36.6% to $99.2 million (49 cents a share) from $72.6 million (36 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 1.5% to $3.36 billion from $3.31 billion.

Key Stats:

Over the last four quarters, revenue has increased 0.4% on average year over year. The biggest increase came in the fourth quarter of the last fiscal year, when revenue rose 2.1% from the year earlier quarter.

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 August 26, 2011 to October 24, 2011, the stock price had risen $1.69 (4.6%) from $36.53 to $38.22. 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% (+$3.60) 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% (-$2.08) over that span. Shares are up $8.22 (+27.4%) year to date.

(Source: Xignite Financials)

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