Exelon čeká na rozhodnutí regulátora k plánu ComEd za 15,3 miliardy USD do 15. prosince; zamítnutí by mohlo zpomalit růst dividendy nebo přinutit k vydání nových akcií.
Exelon's dividend yield has climbed to its most attractive level in years, but a single regulatory decision this December could determine whether that income stream grows, stalls, or forces a flood of new stock onto the market.
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Exelon (NASDAQ:EXC | EXC Price Prediction) trades at $40.35. That is down 6.82% over the past month and 7.05% over the past year, and the slide has raised the dividend yield to 4.07%. When a yield rises because the price fell, income investors need to know what pays the $1.68 forward annual dividend.
A Wires-Only Business Paid by Regulators Exelon is a pure regulated wires company. It runs six regulated transmission and distribution utilities: ComEd, PECO, BGE, and PHI’s Pepco, Delmarva Power and Atlantic City Electric. Regulators approve a “rate base” (the value of poles, wires, and substations) and allow a set return on it. When Exelon builds more grid and wins approval, earnings grow. Fuel prices and recessions matter far less than for most companies, so cash flow is unusually predictable.
In 2025, Exelon earned a 9.7% operating ROE, and it targets 9-10%. Its rate base is expected to grow from $64.6B in 2025 to $87.4B in 2029, a 7.9% CAGR. That growth supports guidance for 5% to 7% annual EPS growth through 2029.
Coverage Sits Right on Target Trailing dividends of $1.64 against EPS of $2.74 yield a payout ratio of about 60%. The forward dividend uses about 59% of the midpoint of 2026 guidance, which is $2.81-$2.91.
Company Yield Trailing Payout Forward P/E Exelon 4.07% 60% 14 Duke Energy (NYSE:DUK) 3.73% 64% 16 Southern Company (NYSE:SO) 3.57% 72% 17 Exelon offers the highest yield and lowest payout ratio of the three, trading at the cheapest multiple. Its track record is shorter. The quarterly dividend fell from $0.3825 in 2021 to $0.3375 in 2022 after the generation spinoff, then rose to $0.36, $0.38, $0.40 and $0.42. Management guides for about 5% annual dividend growth.
Borrowed Money Fills the Capex Gap In 2025, operating cash flow of $6.25B covered dividends of $1.62B about four times over but fell short of capex of $8.53B. Financing brought in $2.53B. Interest expense grew from $1.73B in 2023 to $2.13B in 2025. Exelon needs $3.4B of equity through 2029, with ~37% already priced. Management said in July:
“Maintaining a strong balance sheet is core to our strategy and essential to funding the investments needed to deliver safe, reliable, and affordable service for our customers.”
State Regulators Hold the Key Credit pressure is showing. Moody’s placed PECO under review for downgrade, and S&P downgraded BGE. Exelon dropped a Pennsylvania rate case. ComEd’s $15.3 billion grid plan faces an order by December 15th.
“If critical work is deferred for too long, customers ultimately pay the price through more outages, more costly repairs, and higher long-term costs.”
Data center demand gives Exelon room to grow. After speculative projects were removed, the pipeline fell to 36 gigawatts from 43. Signed agreements cover four gigawatts, backed by a billion dollars of collateral. Management added: “We have not put in speculative projects.”
One Scenario Puts the Payout at Risk The dividend is durable. Regulated rate base growth pays for it, and the payout ratio is at target. The danger is a holding-company downgrade if Illinois or Pennsylvania regulators deny cost recovery, earned ROE falls below 9%, and interest costs keep rising. Exelon targets credit metrics of about 14%, leaving 100-200 bps of room above downgrade levels. If that buffer goes away, Exelon would slow dividend growth or issue much more stock. The ComEd order on December 15 is the first test.
Contact [email protected] for any questions or corrections.
Alphabet, Exelon a Patterson-UTI vyplatily akcionářům dividendy během dvou dnů, celkem 0,74 USD na jednu akcii od každé firmy. Alphabet vyplatil 0,22 USD, Exelon 0,42 USD a Patterson-UTI 0,10 USD.
Three companies with nothing in common all sent checks to shareholders within the same two-day window, and the reasons behind each payment reveal something very different about where each business is headed.
Three unrelated dividend payers landed checks in shareholder accounts across a two-day window in September. Single-share holders collected $0.22 from Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) on September 14, $0.42 from Exelon (NASDAQ:EXC) on September 15, and $0.10 from Patterson-UTI Energy (NASDAQ:PTEN) on the same day. The total for one share of each is simple: $0.74 in cash across two consecutive business days.
The three names have almost nothing in common as businesses. That is what makes the coincidence worth a look for income investors trying to assess how each dividend is performing relative to the underlying company.
Three Dates Every Dividend Investor Should Know Every regular cash dividend runs through the same three-date sequence:
The declaration date is when the board formally authorizes the payment and states the per-share amount. The ex-dividend date is the first trading day on which a buyer no longer qualifies for the coming payment; owning the stock at the close the day before is what puts a shareholder on the list. The payment date is when the cash actually clears into brokerage accounts. All three of the checks discussed here have already been paid. Alphabet: Second Check at the Raised Quarterly Rate Alphabet paid its Class A, Class B, and Class C shareholders $0.22 per share on September 14, 2026. The payment was declared on July 22, 2026, with an ex-dividend date of September 4, 2026, and a record date of September 7, 2026.
This was the second payment at the $0.22 quarterly rate. The prior quarter, on June 15, 2026, Alphabet paid the same $0.22, which had been raised from the $0.21 paid on March 16, 2026. The comparable payment one year earlier, on September 15, 2025, was $0.21 per share. The trailing 12-month total is $0.86 per share, and the annualized forward figure is $0.88 per share.
Operationally, Alphabet is in a hyper-capex phase. Q2 FY26 revenue came in at $119.8 billion, up 24.2% year over year, with Google Cloud growing 82% and an operating margin of 34%. AI-related capital spending of $44.9 billion in the quarter drove free cash flow to negative $5.86 billion, and the company suspended its stock buyback program in Q2 2026.
The shares are up 10.2% year to date and 37.1% over the past year, closing most recently at $344.98. At the current share price, the yield remains slim, around 0.3%.
Exelon: Third Payment at the New Utility Rate Exelon paid common shareholders $0.42 per share on September 15, 2026. The declaration date was July 28, 2026, with an ex-dividend date and record date both of September 4, 2026.
This is the third consecutive quarterly payment at the $0.42 rate, following identical payments on June 15, 2026, and March 13, 2026. Prior to that, the utility paid $0.40 for four consecutive quarters, including the same-day-a-year-earlier payment on September 15, 2025. The trailing 12-month total is $1.66, with an annualized forward figure of $1.68.
Exelon is a fully regulated transmission and distribution holding company, parent of ComEd, PECO, BGE, Pepco, Delmarva Power, and Atlantic City Electric. Q1 FY26 revenue was $7.24 billion, up 7.9% year over year, and adjusted operating EPS of $0.91 beat the $0.89 estimate. Management targets a payout ratio of approximately 60% and projects 5% annual dividend growth, supported by a $41.7 billion capital plan for 2026 to 2029 and a 7.9% rate base growth pathway. Full-year 2026 adjusted operating EPS guidance is $2.81 to $2.91.
The stock closed at $42.20, down 8.0% over the past month and 3.2% year to date, with a trailing yield near 3.9%. Shares underperformed sector peers in Tuesday trading on September 15, 2026, according to MarketWatch.
Patterson-UTI: Third Check at the Raised Rate Patterson-UTI paid common shareholders $0.10 per share on September 15, 2026. The declaration date was July 29, 2026, with an ex-dividend date and record date both of September 1, 2026.
This is Patterson-UTI’s third consecutive quarterly payment at the $0.10 rate. The prior payments on June 15, 2026, and March 16, 2026, were also $0.10, marking a step up from the $0.08 quarterly rate paid from March 2023 through December 2025. The comparable payment one year earlier, on September 15, 2025, was $0.08 per share. Trailing 12-month cash dividends total $0.36 per share, with an annualized forward figure of $0.40.
Patterson-UTI is an oilfield services company running Drilling Services, Completion Services, Drilling Products, and Other segments, including the Ulterra and Emerald natural gas frac technology brands. Q2 FY26 revenue was $1.23 billion, up 0.7% year over year and 10% sequentially, with adjusted EPS of $0.00, beating a consensus estimate of negative $0.03. Management expects full-year 2026 free cash flow to more than cover dividend payments, and pricing on drilling contracts is up 10% to 15% versus the start of the year.
Shares closed at $12.71 on September 15, 2026, up 108.0% year to date and 134.9% over the past year. The trailing yield is near 3.1%.
What This Says for a Multi-Sector Income Portfolio The three checks landed across September 14 and September 15, 2026, but the reasons behind them could hardly be more different. Alphabet is a mega-cap technology company whose dividend policy is still young; the payout is small in absolute yield terms against a share price near $345, and the company is directing capital toward AI infrastructure rather than a buyback right now. Exelon is a fully regulated transmission and distribution utility running the checkbook on a roughly 60% payout target and a 5% annual growth plan tied to rate base expansion. Patterson-UTI is a cyclical oilfield services operator whose 25% step-up from $0.08 to $0.10 earlier in 2026 tracked the recovery in U.S. onshore activity.
Three raises, three entirely different corporate calendars, three different declaration dates. All three landing within a two-day window is a coincidence of record dates, with no implication for what will happen in December. For an income investor holding all three, the September window is a useful reminder of how a diversified dividend roster actually pays out: as a cluster of small cash payments spread across several days, each driven by the fundamentals of the underlying business. (We walked through how to build a ladder that pays you for life without selling a share in a free guide here.)
Contact [email protected] for any questions or corrections.
Exelon ve 2. čtvrtletí zvýšil tržby o 10 % na 5,97 miliardy USD a upravený provozní zisk vzrostl o 10,3 % na 43 centů na akcii. Firma zároveň plánuje investice téměř za 41,7 miliardy USD do roku 2029.
Key Takeaways Exelon's Q2 revenues rose 10% to $5.97B, while adjusted operating earnings climbed 10.3% to 43 cents.EXC is pursuing additional rate recovery to fund regulated utility investments and operating costs.Exelon plans to invest nearly $41.7B through 2029, supporting 7.9% average annual rate-base growth. Exelon (EXC - Free Report) is benefiting from stronger revenues, which are helping offset higher operating expenses and support overall financial performance. Revenue growth, supported by rate recovery and utility operations, is strengthening Exelon’s operating results.
In the second quarter of 2026, total operating revenues increased 10% year over year to $5.97 billion, supported by higher electric operating revenues of $5.71 billion, up from $5.37 billion a year ago. For the first six months, total operating revenues reached $13.21 billion, up 8.8% from $12.14 billion a year earlier.
Higher revenues helped EXC expand profitability despite an increase in operating costs. The company’s second-quarter operating income reached $979 million, up 5.6%, while adjusted operating earnings increased 10.3% to 43 cents per share, reflecting improved utility rate-related earnings.
Exelon is pursuing additional rate recovery through its regulated utilities. In July, EXC’s unit Baltimore Gas and Electric filed an electric distribution rate case with the Maryland Public Service Commission, seeking recovery of investments and operating costs needed to maintain a safe and reliable system.
Exelon plans to invest nearly $41.7 billion through 2029, supporting 7.9% average annual rate-base growth and adjusted operating earnings growth near the upper end of its 5-7% target range. Thus, rising utility revenues, rate recovery and ongoing grid investments could provide a durable foundation for earnings growth.
Higher Utility Revenues Offset Cost PressuresGrowth in utility revenues can help manage rising operating, maintenance and financing expenses while supporting consistent earnings. Additional revenues can provide greater flexibility for investing in infrastructure modernization and other essential projects.
FirstEnergy (FE - Free Report) second-quarter 2026 revenues rose 8.8% to $3.68 billion from $3.38 billion, while operating income increased 4.8% to $677 million, supported by stronger revenue growth.
NextEra Energy (NEE - Free Report) second-quarter 2026 revenues increased 12.4% to $7.53 billion, while operating income grew 17.1%, reflecting stronger performance across its utility and energy businesses.
The Zacks Rundown on EXCEXC’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 EPS indicates a year-over-year increase of 3.25% and 6.60%, respectively.
Image Source: Zacks Investment Research
EXC’s Dividend YieldExelon currently offers a 3.84% dividend yield, exceeding the Electric Power industry's 3.06% average over the past year.
Image Source: Zacks Investment Research
EXC’s Stock Price PerformanceIn the past six months, the company’s shares have plunged 10.7% compared with the industry’s 8.2% decline.
Image Source: Zacks Investment Research
EXC’s Zacks RankEXC currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.
Aurora Investment Counsel ve 2. čtvrtletí nakoupila novou pozici v Exelonu za zhruba 1,17 mil. USD a nabyla 25 066 akcií. Exelon zároveň oznámil čtvrtletní dividendu ve výši 0,42 USD na akcii.
Aurora Investment Counsel purchased a new position in Exelon Corporation (NASDAQ:EXC – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 25,066 shares of the company’s stock, valued at approximately $1,169,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. ASR Vermogensbeheer N.V. raised its holdings in shares of Exelon by 28.4% during the fourth quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock valued at $11,867,000 after purchasing an additional 60,250 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its stake in Exelon by 26.9% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 215,392 shares of the company’s stock valued at $9,393,000 after buying an additional 45,723 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Exelon by 133.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 505,564 shares of the company’s stock valued at $23,569,000 after buying an additional 289,436 shares during the period. Ethic Inc. boosted its stake in shares of Exelon by 7.6% in the 4th quarter. Ethic Inc. now owns 334,268 shares of the company’s stock worth $14,571,000 after buying an additional 23,567 shares during the last quarter. Finally, Triasima Portfolio Management inc. purchased a new position in shares of Exelon in the 4th quarter worth $2,021,000. 80.92% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth Several brokerages recently commented on EXC. KeyCorp cut their price objective on Exelon from $43.00 to $41.00 and set an “underweight” rating for the company in a report on Wednesday, May 13th. Truist Financial dropped their target price on Exelon from $50.00 to $48.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Weiss Ratings downgraded Exelon from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Finally, TD Cowen reduced their price target on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.20.
Read Our Latest Research Report on EXC Exelon Stock Performance Shares of NASDAQ EXC opened at $45.30 on Thursday. The firm has a fifty day moving average price of $46.31 and a 200-day moving average price of $46.70. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.09 and a quick ratio of 0.99. The stock has a market cap of $46.76 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 2.74 and a beta of 0.31. Exelon Corporation has a 1 year low of $42.58 and a 1 year high of $50.65.
Exelon (NASDAQ:EXC – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The firm had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts anticipate that Exelon Corporation will post 2.86 earnings per share for the current fiscal year.
Exelon Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. Exelon’s dividend payout ratio is 61.54%.
Exelon Profile (Free Report)
Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.
Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.
See Also Five stocks we like better than Exelon Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corporation (NASDAQ:EXC – Free Report).
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Exelon oznámil solidní výsledky za 2. čtvrtletí 2026: překonal výnosy, EPS mírně zklamalo a výhled potvrdil. Pipeline datacenter ale snížil z 43 GW na 36 GW.
SummaryExelon reported a solid Q2 2026, with a revenue beat, slight EPS miss, and guidance reaffirmed.EXC’s pure T&D model, 7.9% rate base growth, and stable regulatory environment underpin its quality profile.The data center pipeline was cut from 43GW to 36GW, raising caution amid AI-driven utility premium valuations.At 16x forward earnings and a 3.7% yield, EXC trades at fair value, justifying a Hold rating with balanced risk/reward. Wirestock/iStock Editorial via Getty Images
Investment Thesis Exelon (NASDAQ:EXC) just reported its second quarter for 2026, and my honest read is that this is a good company trading at a fair price. Adjusted operating earnings came in at $0.43 per
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Electric power transmission pylon miniatures and Exelon Corporation logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 30 (Reuters) - Major U.S. utility Exelon (EXC.O), opens new tab on Thursday reported second-quarter adjusted operating earnings in line with its expectations, but reaffirmed its five-year $41 billion capital plan despite revising down its overall data center demand pipeline by 16%.
The company's shares were down 4% in morning trade.
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Exelon reaffirmed its full-year outlook and said it remained on track to deliver annualized earnings growth near the upper end of its long-term target range through 2029.
The utility is focused on meeting growing electricity demand while protecting existing customers from costs tied to speculative large-load projects, including data centers, it added.
Exelon's large-load and data-center pipeline declined to 36 gigawatts from 43 gigawatts after it filtered projects through transmission-security agreements, which require customers to make financial commitments before major system investments are made.
The company's capital plan, however, remains unchanged at $41 billion through 2029. Exelon said it has not included speculative projects in its investment assumptions and that a portion of its remaining large-load pipeline is supported by signed agreements and collateral.
Chief Executive Calvin Butler, who is pushing to change U.S. laws to allow the development of regulated power generation and storage, said a July heat wave pushed PJM electricity demand to a record and prompted the grid operator to use emergency procedures and demand-response resources.
Atlantic City Electric has proposed a transmission-connected battery-storage project in New Jersey that Exelon says could help lower energy costs, improve reliability during peak-demand periods and defer some grid investments.
The project is not included in Exelon's current capital plan, with the company saying it expects a regulatory decision in the first half of next year.
Exelon also cited progress in rate cases and grid-planning proceedings across its service territories, saying the investments are needed to maintain reliability, accommodate demand growth and manage long-term customer costs.
Reporting by Khusbu Jena in Bengaluru and Laila Kearney in New York; Editing by Jonathan Ananda and Laila Kearney
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Exelon Corporation (EXC) Q2 2026 Earnings Call July 30, 2026 10:00 AM EDT
Company Participants
Ryan Brown - Vice President of Investor Relations
Calvin Butler - CEO, President & Director
Jeanne Jones - Executive VP of Audit & Risk and CFO
Michael Innocenzo - Executive VP & COO
Carim Khouzami - Executive Vice President Transmission & Development
Conference Call Participants
Shahriar Pourreza - Wells Fargo Securities, LLC, Research Division
Aidan Kelly - JPMorgan Chase & Co, Research Division
Paul Zimbardo - Jefferies LLC, Research Division
Andrew Weisel - Scotiabank Global Banking and Markets, Research Division
Presentation
Operator
Hello, and welcome to Exelon's Second Quarter Earnings Call. My name is Josh, and I will be your event specialist today. [Operator Instructions] Please note that today's webcast is being recorded. [Operator Instructions] It is now my pleasure to turn today's program over to Ryan Brown, Vice President of Investor Relations. The floor is yours.
Ryan Brown
Vice President of Investor Relations
Great. Thank you, Josh. Good morning, everyone. I appreciate you joining us for our 2026 second quarter earnings call. Leading the call today are Calvin Butler, Exelon's President and Chief Executive Officer; and Jeanne Jones, Exelon's Chief Financial Officer. Other members of Exelon's senior management team are also with us today and will be available to answer your questions following our prepared remarks.
Today's presentation, along with our earnings release and other financial information can be found in the Investor Relations section of Exelon's website. We'd also like to remind you that today's presentation and the associated earnings release materials contain forward-looking statements, which are subject to risks and uncertainties. You can find the cautionary statements on these risks on Slide 2 of today's presentation or in our SEC filings.
In addition, today's presentation includes references to adjusted operating earnings and other non-GAAP measures. Reconciliations between these measures
Exelon vykázal ve čtvrtletí tržby 5,97 miliardy USD, meziročně o 10 % více, a EPS 0,43 USD v souladu s odhadem. Tržby překonaly konsensus 5,66 miliardy USD o 5,47 %.
Exelon (EXC - Free Report) reported $5.97 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 10%. EPS of $0.43 for the same period compares to $0.39 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $5.66 billion, representing a surprise of +5.47%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.43.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Exelon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating revenues- PHI: $1.71 billion versus the two-analyst average estimate of $1.61 billion. The reported number represents a year-over-year change of +8.4%.Operating revenues- BGE: $1.22 billion versus $1.05 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +18.4% change.Operating revenues- PECO: $1.06 billion versus the two-analyst average estimate of $1.05 billion. The reported number represents a year-over-year change of +6.2%.Operating revenues- ComEd: $1.99 billion versus the two-analyst average estimate of $1.97 billion. The reported number represents a year-over-year change of +8.1%.Adjusted Operating Earnings (non-GAAP)- ComEd: $249 million versus the two-analyst average estimate of $290.77 million.Adjusted Operating Earnings (non-GAAP)- PHI: $126 million compared to the $146.16 million average estimate based on two analysts.Adjusted Operating Earnings (non-GAAP)- BGE: $70 million versus the two-analyst average estimate of $49.49 million.Adjusted Operating Earnings (non-GAAP)- PECO: $130 million versus the two-analyst average estimate of $122.24 million.View all Key Company Metrics for Exelon here>>>
Shares of Exelon have returned +1.7% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Exelon má podle odhadů vykázat zisk na akcii 0,43 USD a tržby 5,72 miliardy USD, což znamená meziroční růst o 10,3 % a 5,3 %. Odhad EPS byl za posledních 30 dní snížen o 3,6 %.
Wall Street analysts forecast that Exelon (EXC - Free Report) will report quarterly earnings of $0.43 per share in its upcoming release, pointing to a year-over-year increase of 10.3%. It is anticipated that revenues will amount to $5.72 billion, exhibiting an increase of 5.3% compared to the year-ago quarter.
The current level reflects a downward revision of 3.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Exelon metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Operating revenues- PHI' will likely reach $1.61 billion. The estimate suggests a change of +1.7% year over year.
Analysts forecast 'Operating revenues- BGE' to reach $1.05 billion. The estimate suggests a change of +1.8% year over year.
Analysts expect 'Operating revenues- PECO' to come in at $1.05 billion. The estimate indicates a change of +5.2% from the prior-year quarter.
Analysts' assessment points toward 'Operating revenues- ComEd' reaching $1.97 billion. The estimate indicates a change of +7.1% from the prior-year quarter.
Based on the collective assessment of analysts, 'Adjusted Operating Earnings (non-GAAP)- ComEd' should arrive at $290.77 million. Compared to the current estimate, the company reported $228.00 million in the same quarter of the previous year.
The average prediction of analysts places 'Adjusted Operating Earnings (non-GAAP)- PHI' at $146.16 million. The estimate compares to the year-ago value of $144.00 million.
The consensus among analysts is that 'Adjusted Operating Earnings (non-GAAP)- BGE' will reach $49.49 million. Compared to the present estimate, the company reported $55.00 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Adjusted Operating Earnings (non-GAAP)- PECO' of $122.24 million. Compared to the present estimate, the company reported $136.00 million in the same quarter last year.
View all Key Company Metrics for Exelon here>>>
Over the past month, Exelon shares have remained unchanged versus the Zacks S&P 500 composite's +1.7% change. Based on its Zacks Rank #2 (Buy), EXC will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Wall Street čeká, že Exelon při výsledcích za čtvrtletí končící v červnu oznámí zisk na akcii 0,53 USD a výnosy 5,69 miliardy USD. Odhad zisku na akcii byl za 30 dní snížen o 3,91 %.
Wall Street expects a year-over-year increase in earnings on higher revenues when Exelon (EXC - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis energy company is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of +35.9%.
Revenues are expected to be $5.69 billion, up 4.8% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 3.91% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Exelon?For Exelon, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -14.56%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that Exelon will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Exelon would post earnings of $0.89 per share when it actually produced earnings of $0.91, delivering a surprise of +2.25%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Exelon doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAnother stock from the Zacks Utility - Electric Power industry, Entergy (ETR - Free Report) , is soon expected to post earnings of $1.05 per share for the quarter ended June 2026. This estimate indicates no change from the year-ago quarter. Revenues for the quarter are expected to be $3.56 billion, up 6.9% from the year-ago quarter.
The consensus EPS estimate for Entergy has been revised 1% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -9.77%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Entergy will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
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