Constellation Energy First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Constellation Energy (NASDAQ:CEG) First Quarter 2024 Results
Key Financial Results
Revenue: US$6.16b (down 19% from 1Q 2023).
Net income: US$883.0m (up by US$787.0m from 1Q 2023).
Profit margin: 14% (up from 1.3% in 1Q 2023). The increase in margin was driven by lower expenses.
EPS: US$2.79 (up from US$0.29 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Constellation Energy EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) exceeded analyst estimates by 81%.
Looking ahead, revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in the US are expected to grow by 3.9%.
Performance of the American Electric Utilities industry.
The company's shares are up 16% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Constellation Energy that you should be aware of before investing here.
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