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What's in the Offing for Exelon (EXC) This Earnings Season?

Zacks Equity Research

We expect Exelon Corporation EXC to beat earnings estimates when it reports third-quarter 2019 results on Oct 31, 2019. The company came up with a negative earnings surprise of 4.76% in the last reported quarter.

What Our Quantitative Model Predicts

Our proven model predicts an earnings beat for Exelon this time around. A stock needs to have both a positive Earnings ESP (which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates. That is the case here as you will see below.

Earnings ESP: The company’s Earnings ESP is +0.06%.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Currently, Exelon carries a Zacks Rank #3.

Exelon Corporation Price and EPS Surprise

Exelon Corporation Price and EPS Surprise

Exelon Corporation price-eps-surprise | Exelon Corporation Quote

Factors at Play

Higher demand for electricity in July due to extreme heat in its service territories and solid production from nuclear plants are likely to have had a positive impact on third-quarter earnings.

The shutdown of the Three Mile Island nuclear plant during the quarter might have saved the company from incurring high costs on this non-profitable unit and boosted margins.

Exelon expects third-quarter earnings in the range of 80-90 cents per share. The bottom line was 88 cents in the year-ago period. The Zacks Consensus Estimate for the same is pegged at 88 cents, indicating no change from the year-ago reported figure.

Stocks to Consider

In addition to Exelon, here are a few other companies worth considering from the same industry that have the right combination of elements to beat on earnings in the third quarter.

PNM Resources Inc. PNM is scheduled to release quarterly results on Nov 1. It has an Earnings ESP of +1.99% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Pattern Energy Group Inc. PEGI is set to release quarterly numbers on Nov 4. It has an Earnings ESP of +2,100.00% and carries a Zacks Rank #2.

Eversource Energy ES is slated to release quarterly results on Nov 5. It has an Earnings ESP of +1.06% and a Zacks Rank #2.

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Exelon Corporation (EXC) : Free Stock Analysis Report
Pattern Energy Group Inc. (PEGI) : Free Stock Analysis Report
PNM Resources, Inc. (Holding Co.) (PNM) : Free Stock Analysis Report
Eversource Energy (ES) : Free Stock Analysis Report
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