Constellation Energy Corporation (CEG) ended the recent trading session at $307.71, demonstrating a -9.82% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.06%. Meanwhile, the Dow experienced a drop of 0.17%, and the technology-dominated Nasdaq saw a decrease of 0.06%.
The company's stock has dropped by 5.5% in the past month, falling short of the Oils-Energy sector's gain of 4.06% and the S&P 500's gain of 1.99%.
Investors will be eagerly watching for the performance of Constellation Energy Corporation in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.17, indicating a 11.07% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $5.48 billion, showing a 1.83% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.3 per share and a revenue of $24.35 billion, signifying shifts of +7.27% and 0%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Constellation Energy Corporation. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Constellation Energy Corporation is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Constellation Energy Corporation has a Forward P/E ratio of 30.25 right now. This valuation marks a premium compared to its industry average Forward P/E of 19.44.
Also, we should mention that CEG has a PEG ratio of 1.96. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Alternative Energy - Other was holding an average PEG ratio of 1.34 at yesterday's closing price.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 103, which puts it in the top 43% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Constellation Energy Corporation (CEG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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