Exelon Corporation ($EXC) 2Q20 Earnings Sneak Preview

Exelon Corporation (NYSE:EXC) is reporting second quarter earnings results on Tuesday 4th August 2020, before market open.

The consensus estimates from Thomson Reuters are income of $ 0.43 per share.

For the full year, analysts predict revenues of $ 31228.40 million, while looking forward to income of $ 2.95 per share.

The Company Outlook

Full Year 2020 bottomline are predicted in a range of $ 2.80 ~ $ 3.10 per share

Click Here For More Historical Outlooks Of Exelon Corporation

Previous Quarter Performance

Exelon Corporation outlined income for the first quarter of $ 0.87 per share, from the revenue of $ 8,747.00 million. The quarterly revenues decreased 4.12 percent compared with the same quarter last year. Wall street analysts are predicting, EXC to report 1Q20 income of $ 0.84 per share from revenue of $ 8800.49 million. The bottom line results beat street analysts by $ 0.03 or 3.57 percent, at the same time, top line results fell short of analysts by $ 53.49 million or 0.61 percent.

Historical Earnings Performance
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Click Here For More Historical Earnings Of Exelon Corporation

Stock Performance

According to the previous trading day, closing price of EXC was $ 37.99, representing a 29.75 % increase from the 52 week low of $ 29.28 and a 24.83 % decrease over the 52 week high of $ 50.54.

The company has a market capital of $ 36.42 billion and is part of the Utilities sector and Utilities – Diversified industry.

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Recent Analyst recommendations
  • On 22nd June 2020, maintained by UBS Group at Buy rating, with $ 48.00 target price.
  • On 5th June 2020, maintained by UBS Group at Buy rating, with $ 51.00 target price.
Recent Stock Dividend Announcement

The board of directors has authorized quarterly dividend of $ 0.3825 per share on April 28, 2020. The dividend were payable on June 10, 2020 to holders of record as of the close of business on May 15, 2020 and ex-dividend date on May 14, 2020.

Conference Call

Exelon Corporation will be hosting a conference call at 10:00 AM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.exeloncorp.com

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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