Exelon Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Exelon Corp (NYSE:EXC) will unveil its latest earnings on Wednesday, July 27, 2011. Exelon Corp. is a utility services holding company that distributes electricity and natural gas (NYSE:UNG) and is a major nuclear operator.

Exelon Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 97 cents per share, a decline of 2% 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 98 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 97 cents during the last month. For the year, analysts are projecting profit of $4.07 per share, a rise of 3% from last year.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of $1.17 per share against a mean estimate of profit of $1.06, and the quarter before, the company exceeded forecasts by 5 cents with net income of 96 cents versus a mean estimate of profit of 91 cents.

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Wall St. Revenue Expectations: On average, analysts predict $4.43 billion in revenue this quarter, a rise of 0.5% from the year ago quarter. Analysts are forecasting total revenue of $18.83 billion for the year, a rise of 0.9% from last year’s revenue of $18.67 billion.

Analyst Ratings: Analysts seem relatively indifferent about Exelon with 10 of 16 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 13.2% to $5.05 billion in first quarter. The figure rose 9.2% in the fourth quarter of the last fiscal year from the year earlier, climbed 21.9% in the third quarter of the last fiscal year from the year-ago quarter and 6.2% in the second quarter of the last fiscal year.

The company has now seen net income fall in each of the last two quarters. In the first quarter, net income fell 10.8% from the year earlier quarter, while the figure dropped 9.8% in the fourth quarter of the last fiscal year.

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).

Stock Price Performance: During April 26, 2011 to July 21, 2011, the stock price had risen $3.27 (8%) from $40.66 to $43.93. 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, rising 4.9% (+$2.03) over that span. It saw one of its worst periods between October 20, 2010 and October 27, 2010 when shares fell for six-straight days, falling 7.6% (-$3.23) over that span. Shares are up $3.31 (+8.1%) year to date.

(Source: Xignite Financials)

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