Exelon Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Exelon Corp (NYSE:EXC) will unveil its latest earnings on Friday, May 4, 2012. Exelon is a utility services holding company that distributes electricity and natural gas and is a major nuclear operator.

Exelon Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 80 cents per share, a decline of 31.6% 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 81 cents. Between one and three months ago, the average estimate moved up. It has dropped from 82 cents during the last month. For the year, analysts are projecting net income of $3 per share, a decline of 27.9% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported profit of 82 cents per share versus a mean estimate of net income of 88 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 3 cents.

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Wall St. Revenue Expectations: On average, analysts predict $7.67 billion in revenue this quarter, a rise of 51.9% from the year-ago quarter. Analysts are forecasting total revenue of $30.2 billion for the year, a rise of 57.9% from last year’s revenue of $19.12 billion.

Analyst Ratings: Analysts seem relatively indifferent about Exelon with 11 of 15 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 15.6% to $606 million (91 cents a share) from $524 million (79 cents a share) the year earlier, but fell short analyst expectations. Revenue fell 11.2% to $3.99 billion from $4.49 billion.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 13.2% in the first quarter of the last fiscal year, 4.3% in the second quarter of the last fiscal year and 0.1%in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.

There has enjoyed solid performance recently heading into this earnings announcement with profit rising by a year-over-year average of 3.8% for the last four quarters.

Stock Price Performance: Between April 24, 2012 and April 30, 2012, the stock price rose $1.07 (2.8%), from $37.94 to $39.01. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011, when shares rose for seven straight days, increasing 4.9% (+$1.96) over that span. It saw one of its worst periods between April 2, 2012 and April 10, 2012 when shares fell for six straight days, dropping 3.1% (-$1.20) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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