Track market-moving stories before they get noisy

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.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Investors might want to bet on Exelon (EXC - Free Report) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Exelon basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Exelon, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for ExelonFor the fiscal year ending December 2026, this energy company is expected to earn $2.86 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Exelon. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.1%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Exelon to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

As small-business owners face rising operating costs, ComEd is marking a major milestone: more than 100,000 small businesses across northern Illinois have compl

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About 95% of customers impacted by four rounds of severe storms restored; work continues Sunday to bring remaining customers

CHICAGO--(BUSINESS WIRE)--ComEd crews are entering the final stretch of restoration efforts after four rounds of severe weather swept across northern Illinois beginning Thursday night, with additional storms rolling through Friday and a fourth system striking on Saturday. In total, nearly 297,000 customers were impacted across the service territory. As of 11:30 a.m. Sunday, ComEd had restored power to more than 283,000 customers, with roughly 14,000 remaining without service. About 95 percent of impacted customers have been restored, and crews will continue working around the clock through the holiday weekend to safely bring every customer back online.

The most severe impacts were felt in ComEd's north and south regions, with Tinley Park, Burbank, Homewood and several southern wards in the City of Chicago among the hardest-hit areas. Crews continue clearing extensive tree damage and rebuilding portions of the electric system in these communities.

More than 1,900 ComEd personnel and contractors are dedicated to restoration efforts, working in shifts around the clock to ensure power is restored safely to all customers.

“We’ve seen an unprecedented series of storms move through northern Illinois over the last few days, each bringing new damage to communities that were already working to recover,” said David Perez, executive vice president and COO of ComEd. “Our crews are out in force and will continue working safely through the holiday weekend to get every customer restored as quickly as possible.”

ComEd thanks the dedicated men and women who have worked long hours to respond to these storms — stepping away from their families and braving adverse weather conditions to repair the grid and get customers back online. We are also grateful to customers for their patience and understanding as restoration continues.

Public safety is paramount, and ComEd encourages customers to take the following precautions:

If a downed power line is spotted, please immediately call ComEd at 1-800-EDISON1 (1-800-334-7661). Spanish-speaking customers should call 1-800-95-LUCES (1-800-955-8237). Never approach a downed power line. Always assume a power line is energized and extremely dangerous. In the event of an outage, do not approach ComEd crews working to restore power to ask about restoration times. Crews may be working on live electrical equipment, and the perimeter of the work zone may be hazardous. ComEd urges customers to contact the company immediately if they experience a power outage. Customers can text OUT to 26633 (COMED) to report an outage and receive restoration information and can follow the company on X @ComEd or on Facebook at Facebook.com/ComEd. Customers can also call 1-800 EDISON1 (1-800-334-7661), or report outages via the website at ComEd.com/report. Spanish-speaking customers should call 1-800-95-LUCES (1-800-955-8237).

With ComEd’s new Outage Tracker, customers can report outages, check estimated time of restoration, view crew status updates, and explore our outage map. Visit ComEd.com/OutageTracker.

ComEd’s mobile app for iPhone and Android® smart phones gives customers the ability to report power outages and manage their accounts; download the app at ComEd.com/app.

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ComEd crews are entering the final stretch of restoration efforts after four rounds of severe weather swept across northern Illinois beginning Thursday night,

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New first-of-its-kind program in Illinois will support grid affordability and reliability while allowing customers with battery storage to earn incentives for participating

CHICAGO--(BUSINESS WIRE)--ComEd today announced that the Illinois Commerce Commission (ICC) has approved the company’s proposal to launch a new Scheduled Dispatch Virtual Power Plant (SDVPP) program, an initiative shaped by Illinois’ Clean and Reliable Grid Affordability Act (CRGA). At the direction of CRGA, the program is designed to increase the amount of battery storage available across northern Illinois that can be deployed during times of high electricity demand, helping to relieve pressure on the grid and support reliability and affordability for customers.

A virtual power plant, or VPP, brings together many customer‑owned energy resources, such as battery storage and solar, also known as distributed energy resources (DERs), and coordinates them to act as a single power source. By working in tandem, these resources can supply energy to the grid during periods of highest demand. The new SDVPP program, expected to become available in 2027, will allow customers who choose to participate to send stored energy from their batteries back to the grid during pre‑defined times when the system is most strained.

VPPs are an important tool for managing growing electricity demand, supporting grid reliability, and creating opportunities for customers to earn incentives in recognition of their support for resource adequacy and broader customer affordability.

“ComEd is focused on advancing innovative solutions that strengthen the grid while helping customers better manage their energy use and costs,” said Andrew Plenge, vice president of strategy and energy policy at ComEd. “This Scheduled Dispatch Virtual Power Plant program, as envisioned by CRGA, is an important step in bolstering the potential of customer-sited energy resources to make the grid more resilient during periods of peak demand while helping customers receive additional value for their support at a time when supply costs are rising.”

Driven by economic development, electrification, the growth of data centers and increasingly extreme weather, electricity demand continues to rise. Programs like virtual power plants help keep the grid resilient during periods of highest electricity use by using energy that customers have already generated or stored. By supporting the grid during peak demand, VPPs can also help manage system upgrade costs as new demand is added, reducing the need for more expensive infrastructure investments over time.

ComEd’s SDVPP proposal builds on Illinois’ clean energy policies and consistent with CRGA, will expand on this first VPP offering by 2029 to include other distributed energy resources such as electric vehicles.

“This program is exactly what Illinois lawmakers intended when they passed the Clean and Reliable Affordable Grid Act last fall: a way to quickly put distributed energy resources to work for the whole grid,” said Will Kenworthy, Midwest Regulatory Director at Vote Solar. “We are excited to see ComEd move quickly to stand up the Scheduled Dispatch Virtual Power Plant, which rewards customers for sharing their stored energy during peak demand while driving down system costs for all ratepayers. It’s a model for how the clean energy transition can save people money.”

The SDVPP is the latest example of how ComEd is expanding programs that give customers more tools and incentives to better manage their energy use while supporting grid flexibility and reliability. These efforts build on ComEd’s broader investments in energy efficiency, distributed generation and other customer programs. In recent years, the company has awarded more than $2.5 billion in incentives to help offset the cost of energy-efficiency improvements and connected approximately 1.8 gigawatts of distributed energy resources to the grid.

About ComEd

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 company and one of the nation’s largest utility companies, serving almost 11 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state's population. For more information visit ComEd.com, and connect with the company on Facebook, Instagram, LinkedIn, X, and YouTube.

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ComEd, in partnership with the Metropolitan Mayors Caucus (Caucus), recognized nine communities that graduated from the 2026 EV Readiness Program during an award ceremony today in Northbrook, Illinois. The program supports municipalities as they prepare for the continued growth of electric vehicles (EVs) through improved local policies, permitting and first-responder readiness.

The ceremony was hosted at UL Solutions in Northbrook, a global safety science leader, offering testing, inspection and certification services, and brought together municipal leaders, sustainability staff and local officials from across the region to celebrate local progress and collaboration.

“The EV Readiness Program helps communities remove barriers to EV charging, improve safety and streamline local processes,” said ComEd President and CEO Gil Quiniones. “These graduating municipalities are leading the way in building the infrastructure needed to support a cleaner, more sustainable transportation future, that benefits local residents and supports progress towards the state of Illinois’ EV adoption goals.”

Launched in partnership with the Caucus in 2022, ComEd’s EV Readiness Program brings together municipalities across northern Illinois to learn and share best practices to prepare for increased electric vehicle adoption. Now on its fourth cohort of local governments, the program supports communities as they update zoning codes to remove barriers to EV charging, streamline permitting processes, strengthen community engagement, and train first responders. Communities also track key metrics, such as the number of EVs and local charging stations, to better plan for future demand — efforts that led several municipalities, including Northbrook, Downers Grove and Des Plaines, to earn Bronze EV Ready designation in 2026. Streamwood and Vernon Hills received a Silver EV Ready designation after earning bronze in 2025.

“Local governments play a critical role in preparing for increased EV adoption,” said Kevin Burns, Mayor, City of Geneva, Illinois and Metropolitan Mayors Caucus Environment and Energy Committee Chair. “The EV Readiness Program provides communities with the tools and guidance needed to support residents, businesses and long-term sustainability goals.”

As this work continues, EV adoption is expected to continue growing statewide, with about 171,000 EVs currently registered in Illinois and the vast majority of them driving in ComEd’s service territory. The state aims to reach one million electric vehicles on the road by 2030 under the Climate and Equitable Jobs Act (CEJA).

“As Illinois continues to electrify transportation, we have an opportunity to build charging infrastructure that is smarter, faster and more accessible for communities across the state,” said Megha Lakhchaura, Illinois State Electric Vehicle Officer. “Through this partnership with ComEd and the Metropolitan Mayors Caucus, 45 communities have earned the EV Ready Community designation by strengthening policies, preparing for growing demand and accelerating the expansion of EV infrastructure statewide.”

This year’s graduating cohort spans communities across northeastern Illinois, including:

Burr RidgeDes PlainesDowners GroveGrayslakeNorthbrookPingree GroveStreamwoodVernon HillsWoodridge“Hosting this year’s EV Readiness graduation in Northbrook reflects our commitment to sustainability and collaboration,” said Kathryn Ciesla, Village President, Village of Northbrook. “Not only have we worked with the fourth cohort to earn EV Ready Community designation at the Bronze level, we have honored UL Solutions with the first Gold designation in the Village of Northbrook’s Green Business Program for its work to create a safer, more secure and sustainable world.”

In Downers Grove, collaboration with ComEd supported the installation of nearly 300 EV charging stations at an Amazon distribution facility after the company converted its delivery fleet to electric vehicles. The Village also strengthened its local framework by creating EV charger–specific permit types for single-family, multi-family and commercial properties.

“The EV Readiness Program provides a great opportunity for Downers Grove to collaborate with ComEd and regional partners to create a more sustainable future,” said Bob Barnett, Mayor of the Village of Downers Grove.

Des Plaines hosted the kickoff meeting for the fourth EV Readiness cohort and continues to play a key role in advancing regional EV infrastructure. A 40-bay BP Pulse charging hub opened in December, and the city has begun electrifying its municipal fleet with the addition of two electric vehicles.

“The EV Readiness Program has equipped us with the knowledge and tools to expand electric transportation across our city, supporting residents and businesses while driving investment and long-term sustainability,” said Andrew Goczkowski, Mayor of the City of Des Plaines. “We’re proud to be part of a cohort of municipalities working together to build a more sustainable and thriving region.”

The EV Readiness Program is just one component of ComEd’s continued investment in supporting the transition to electric transportation across northern Illinois. ComEd also offers free fleet electrification assessments to help public and private sector customers evaluate opportunities to transition vehicle fleets to electric, alongside EV incentive and rebate programs that support vehicle adoption and charging infrastructure deployment.

To date, ComEd has provided more than $200M in EV incentive and rebate funding to help residential, business and public sector customers deploy electric vehicles and charging infrastructure to more than 360 zip codes in Illinois. In alignment with the state’s goals, more than 81% of funding has been dedicated to equity investment eligible communities (EIEC) or low-income customers.

To learn more about the benefits of EVs, program eligibility and how ComEd can support your electrification project, please go to www.comed.com/EV. To learn about participating in the EV Readiness Program, go to the Caucus' website.

About ComEd

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 company and one of the nation’s largest utility companies, serving almost 11 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information, visit ComEd.com, and connect with the company on Facebook, Instagram, LinkedIn, X and YouTube.

About the Metropolitan Mayors Caucus

The Metropolitan Mayors Caucus is a membership organization of the Chicago region’s 275 cities, towns and villages. Founded in 1997, the Caucus pushes past geographical boundaries and local interests to work on public policy issues. The organization provides a forum for metropolitan Chicago’s chief elected officials to collaborate on common problems and work toward a common goal of improving the quality of life for the millions of people who call the region home. For more information, visit mayorscaucus.org, and connect with the organization on Facebook, LinkedIn, Instagram, X, and YouTube.

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Crews in final stages of repairs following worst storms since 2020 and remain committed to completing service restoration for all customers

CHICAGO--(BUSINESS WIRE)--ComEd crews have nearly completed the restoration of power to customers impacted by multiple rounds of severe storms that moved through northern Illinois beginning Wednesday afternoon. With 99% of affected customers now restored, crews are in the final stages of repairs and remain committed to completing service restoration for all remaining customers.

Multiple bands of severe weather moved through ComEd's northern Illinois service territory on Wednesday and Thursday, bringing intense rain, frequent lightning, and high wind gusts — with speeds reaching roughly 80 mph at peak — causing significant damage to ComEd's infrastructure and resulting in widespread outages across the service territory. At least two tornadoes were confirmed on Thursday, including one in Streator, Illinois, approximately 100 miles southwest of Chicago, and another near Dwight, Illinois, about 80 miles southwest of Chicago, with additional damage assessments ongoing.

Large trees fell across equipment and blocked access to neighborhoods with restoration needs, and hundreds of utility poles were broken and had to be completely replaced. That type of work is complex and takes more time to do safely, even with crews working around the clock. In total, crews replaced nearly 500 poles and used more than 295,000 feet of cable wire during the restoration effort.

Across the two days of severe weather, more than 674,600 ComEd customers experienced outages. Late Saturday evening, isolated thunderstorms produced localized strong wind gusts that caused additional tree and limb damage, resulting in an additional 6,425 outages.

"Our crews have worked tirelessly — around the clock and under challenging conditions — to safely restore power to our customers, and their dedication throughout this storm event has been extraordinary," said David Perez, executive vice president and COO of ComEd. "We are incredibly grateful for their hard work and commitment over the duration of this event. We also want to sincerely thank our customers for their patience and understanding as we worked through the most significant storm damage our service territory has experienced since the 2020 Derecho. We will not rest until the final customers are restored."

More than 3,000 ComEd employees and 2,200 contractors were mobilized during the peak of the response, supported by roughly 400 mutual assistance personnel who arrived Friday to bolster ComEd staff and contractors in their restoration efforts.

Public Safety Reminders

Public safety remains paramount, and ComEd encourages customers to take the following precautions:

If a downed power line is spotted, please immediately call ComEd at 1-800-EDISON1 (1-800-334-7661). Spanish-speaking customers should call 1-800-95-LUCES (1-800-955-8237). Never approach a downed power line. Always assume a power line is energized and extremely dangerous. In the event of an outage, do not approach ComEd crews working to restore power to ask about restoration times. Crews may be working on live electrical equipment, and the perimeter of the work zone may be hazardous. ComEd urges customers to contact the company immediately if they experience a power outage. Customers can text OUT to 26633 (COMED) to report an outage and receive restoration information and can follow the company on X @ComEd or on Facebook at Facebook.com/ComEd. Customers can also call 1-800-EDISON1 (1-800-334-7661), or report outages via the website at ComEd.com/report. Spanish-speaking customers should call 1-800-95-LUCES (1-800-955-8237).

With ComEd’s Outage Tracker, customers can report outages, check estimated time of restoration, view crew status updates, and explore our outage map. Visit ComEd.com/OutageTracker.

ComEd’s mobile app for iPhone and Android® smart phones gives customers the ability to report power outages and manage their accounts; download the app at ComEd.com/app.

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 company and one of the nation’s largest utility companies, serving nearly 11 million electricity and natural gas customers. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information, visit ComEd.com, and connect with the company on Facebook, Instagram, LinkedIn, X and YouTube.

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CHICAGO--(BUSINESS WIRE)--ComEd crews continue restoring power to customers impacted by multiple rounds of severe storms that moved through northern Illinois beginning Wednesday afternoon. With the most volatile weather now past the region, crews are focused on completing repairs and restoring service to remaining pockets of customers affected by storm damage. Multiple bands of severe weather brought intense rain, frequent lightning and high wind gusts, causing significant damage to ComEd's pow.

CHICAGO--(BUSINESS WIRE)--Exelon Corporation (Nasdaq: EXC) today reported its financial results for the first quarter of 2026. “Exelon is on track for another year of consistent operational and financial performance. Our scale, platform, and disciplined execution allow us to adapt as conditions evolve to continue delivering on our commitments over the long term,” said Exelon President and Chief Executive Officer Calvin Butler. “Through The Exelon Promise, we are committed to balancing affordabi.

Exelon (EXC - Free Report) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +2.63%. A quarter ago, it was expected that this energy company would post earnings of $0.53 per share when it actually produced earnings of $0.59, delivering a surprise of +11.32%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Exelon, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $7.24 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 4.75%. This compares to year-ago revenues of $6.71 billion. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Exelon shares have added about 5.9% since the beginning of the year versus the S&P 500's gain of 6%.

What's Next for Exelon?While Exelon has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Exelon was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.54 on $5.55 billion in revenues for the coming quarter and $2.85 on $25.29 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, AES (AES - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 13.

This power company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +85.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

AES's revenues are expected to be $3.1 billion, up 6% from the year-ago quarter.

Key Takeaways EXC beat Q1 earnings estimates as revenues climbed 7.86% year over year to $7.24 billion. Exelon plans $41.7B in capital investments during 2026-2029 to support rate base growth. EXC expects 2026 earnings of $2.81-$2.91 per share and sees 5-7% EPS growth through 2029. Exelon Corporation’s (EXC - Free Report) first-quarter 2026 earnings of 91 cents per share surpassed the Zacks Consensus Estimate of 89 cents by 2.25%. The bottom line decreased 1.09% from the year-ago level of 92 cents.

On a GAAP basis, earnings were 90 cents per share, remaining unchanged from the year-ago quarter.

Total Revenues of ExelonExelon reported revenues of $7.24 billion, which surpassed the Zacks Consensus Estimate of $6.91 billion by 4.76%. The top line was 7.86% up from the year-ago quarter’s figure of $6.71 billion.

Exelon Corporation Price, Consensus and EPS SurpriseHighlights of Exelon’s Q1 ReleaseIn the quarter reported, the number of customers served by the company increased 1.09% from the year-ago quarter. Total electric deliveries touched 21,084 gigawatt hours in the reported quarter and were down 1.08%, primarily due to lower volumes sold across all customer groups.

Due to revenue decoupling, Exelon’s distribution earnings were unaffected by actual weather conditions or customer-usage patterns.

Exelon's total operating expenses increased nearly 8.89% year over year to $5.63 billion. The rise was primarily driven by higher purchased-power and fuel costs, increased operation and maintenance expenses, and higher taxes other than income taxes.

Operating income amounted to $1.61 billion, up 4.49% year over year.

Interest expenses totaled $555 million, up nearly 8.82% from the year-ago quarter’s level.

In the reported quarter, adjusted net income was $919 million, up 1.21% from $908 million in the year-ago quarter.

Segmental Details of EXCCommonwealth Edison Company (ComEd): Adjusted earnings in the first quarter were $310 million, down 4.62% from the year-ago quarter. The year-over-year decrease was primarily due to distribution timing, partly offset by a rise in AFUDC and rate-base investments that improved reliability.

PECO Energy Company (PECO): Adjusted operating earnings for the reported quarter increased 4.91% year over year to $278 million, primarily driven by the absence of customer surcharge credits, favorable weather and a decline in income taxes from tax repairs, partly offset by higher depreciation and interest expenses.

Baltimore Gas and Electric Company (BGE): Adjusted earnings for the quarter increased 14.62% year over year to $298 million, driven by improved distribution rates, partially offset by higher credit loss expense.

Pepco Holdings LLC (PHI): Adjusted operating earnings for the quarter decreased 7.22% year over year to $180 million due to adverse impacts from the Pepco Maryland multi-year plan reconciliation and higher depreciation expense. These negatives were partially offset by the implementation of new distribution and transmission rates.

EXC’s Financial HighlightsAs of March 31, 2026, cash and cash equivalents totaled $713 million compared with $626 million as of Dec. 31, 2025.

As of March 31, 2026, long-term debt was $47.86 billion compared with $47.41 billion as of Dec. 31, 2025.

Cash provided by operating activities in the first quarter of 2026 totaled $1.72 billion compared with $1.2 billion in the year-ago period.

Guidance of ExelonExelon expects earnings in the range of $2.81-$2.91 per share for 2026. The Zacks Consensus Estimate for the same is pinned at $2.85, which is near the midpoint of the company’s guided range.

The company expects its adjusted (non-GAAP) operating EPS compounded annual growth near the top end of 5-7% through 2029.

Exelon now plans to invest $41.7 billion in its energy infrastructure during 2026-2029, up from its previous guidance of $41.3 billion. The planned capital expenditure is expected to support 7.9% rate-base growth.

Zacks Rank of ExelonExelon carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Other Utility ReleasesAlgonquin Power & Utilities Corp. (AQN - Free Report) is scheduled to report first-quarter results on May 8. The Zacks Consensus Estimate for first-quarter EPS is pinned at 11 cents, which implies a year-over-year decrease of 21.43%.

The Zacks Consensus Estimate for first-quarter sales is pinned at $697.9 million, which suggests year-over-year growth of 0.79%.

PPL Corporation (PPL - Free Report) is scheduled to report first-quarter results on May 8. The Zacks Consensus Estimate for first-quarter EPS is pinned at 61 cents, which implies a year-over-year increase of 1.67%.

The Zacks Consensus Estimate for first-quarter sales is pinned at $2.62 billion, which suggests year-over-year growth of 4.65%.

Global Water Resources, Inc. (GWRS - Free Report) is scheduled to report first-quarter results on May 14. The Zacks Consensus Estimate for first-quarter EPS is pinned at loss of 2 cents, which implies a year-over-year decrease of 200%.

The Zacks Consensus Estimate for first-quarter sales is pinned at $13.0 million, which suggests year-over-year growth of 4.33%.

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What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

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Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

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Stock to Watch: Exelon (EXC - Free Report) Chicago, IL-based Exelon Corporation completed the previously announced separation of the power generation and competitive energy business, namely Constellation Energy Corp., into a separate entity, which will trade under the symbol “CEG”. Exelon retained the transmission and distribution utility business, which will continue to be called Exelon and trade under the symbol “EXC”. The separation was completed on Feb 1, 2022. 

EXC is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 15.33; value investors should take notice.

Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.00 to $2.86 per share. EXC also boasts an average earnings surprise of +8%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, EXC should be on investors' short list.

CHICAGO--(BUSINESS WIRE)--Beginning June 1, the average monthly residential customer bill in the ComEd service territory is expected to increase by $2 to $3 a month as a result of the annual PJM Interconnection capacity auction held last year. Rising capacity costs reflect a growing imbalance between rising energy demand and available generation, which is also driving up wholesale energy prices. These charges, which appear in the supply section of ComEd's customers' monthly bill, are not ComEd.

Exelon is undervalued and positioned for consequential growth amid a rapidly expanding electric transmission demand cycle. My DCF and comps analyses indicate a fair value of $51.74 per share, reflecting nearly 10% upside from current levels. EXC's forward capex plan, especially the Brandon Shores investment, aligns with regulatory and data center-driven demand catalysts.

CHICAGO--(BUSINESS WIRE)--ComEd today announced it exceeded $10 billion in Renewable Energy Credits (RECs) under contract at the end of 2025 – an investment that is helping expand access to clean energy, support lower energy costs over time, and deliver environmental benefits for customers across Illinois. The milestone is equivalent to 383 million megawatt-hours of new renewable energy produced in Illinois. Distributed energy resources (DER) like rooftop solar have reached 1.7 gigawatts (GW) o.

Today, ComEd, together with its community partners, announced $2.5 million in new bill assistance that will soon be available to help eligible business custome