Exelon Corp. Earnings Cheat Sheet: Keeping the Profitability Streak Alive

S&P 500 (NYSE:SPY) component Exelon Corporation (NYSE:EXC) reported its results for the third quarter. Exelon is a utility services holding company that distributes electricity and natural gas and is a major nuclear operator.

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Exelon Earnings Cheat Sheet for the Third Quarter

Results: Net income for the diversified utilities company fell to $601 million (90 cents per share) vs. $845 million ($1.27 per share) a year earlier. This is a decline of 28.9% from the year earlier quarter.

Actual vs. Wall St. Expectations: EXC reported adjusted net income of $1.12 per share. By that measure, the company beat the mean estimate of $1.09 per share.

Quoting Management: “We delivered strong quarterly earnings, which were just above our guidance range, despite intense summer storms in both the ComEd and PECO service territories,” said John W. Rowe, chairman and chief executive officer. “Exelon Generation’s performance was exceptional, producing a nuclear fleet capacity factor of 95.8 percent and above normal output from our Texas plants to meet much higher demand due to hot weather. Based on our results through September, we are able to reaffirm our full-year earnings guidance range for 2011 of $4.05 to 4.25 per share.”

Key Stats:

The company has now topped analyst estimates for the last four quarters. It beat the mark by 8 cents in the second quarter, by 11 cents in the first quarter, and by 5 cents in the fourth quarter of the last fiscal year.

Net income has increased 0.3% year over year on average across the last five quarters. The biggest gain came in the second, when income climbed 39.3% from the year earlier quarter.

Looking Forward: The outlook for the company’s next quarter results is favorable. The average estimate for the fourth quarter has reached 87 cents, up from 86 cents seven days ago. For the fiscal year, the average estimate has moved up from $4.07 a share to $4.18 over the last ninety days.

Competitors to Watch: NextEra Energy, Inc. (NYSE:NEE), Entergy Corporation (NYSE:ETR), El Paso Electric Company (NYSE:EE), Constellation Energy Group, Inc. (NYSE:CEG), PPL Corporation (NYSE:PPL), ALLETE, Inc. (NYSE:ALE), FirstEnergy Corp. (NYSE:FE), Integrys Energy Group, Inc. (NYSE:TEG), and Xcel Energy Inc. (NYSE:XEL).

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

(Source: Xignite Financials)