For decades, income investors have had a strong bias toward utilities, which offer above-market average returns and tend to be relatively stable, beyond a few obvious outliers. They're generally not a bad choice, though naturally, they are not uniformly well-priced. I'm Jason Ditz and I have 20 years of experience in foreign policy research. My work has appeared in Forbes, Toronto Star, Minneapolis Star-Tribune, Providence Journal, Washington Times and the Detroit Free Press, as well as American Conservativ ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? Devel ...

Investors with an interest in Utility - Electric Power stocks have likely encountered both Exelon (EXC) and OGE Energy (OGE) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stock ...

Financial Performance - Q2 2024 GAAP Earnings were $045 per share, compared to $034 per share in Q2 2023[8] - Q2 2024 Adjusted Operating Earnings were $047 per share, versus $041 per share in Q2 2023[8] - Exelon reaffirms 2024 Adjusted Operating Earnings guidance of $240 - $250 per share, based on expected average outstanding shares of 1,003 million[8, 16] - Exelon is investing approximately $345 billion in capital expenditures from 2024-2027, expecting a rate base growth of approximately 75%[8] - The company reaffirms its 2023-2027 Adjusted Operating Earnings CAGR of 5-7%, expecting to be at the midpoint or better[8] - Exelon reaffirms its projected dividend payout ratio of approximately 60%, resulting in dividend growth in line with the targeted 5-7% operating EPS CAGR through 2027[8] Operational Excellence and Reliability - All utilities achieved top quartile reliability performance, with ComEd and Pepco Holdings achieving top decile SAIFI and SAIDI performance[8, 11] - BGE, PECO, and Pepco Holdings recorded top decile SIIR performance, with PECO improving from second quartile in the first quarter[11] Rate Case Updates and Regulatory Developments - ComEd is on track with its refiled Multi-Year Integrated Grid Plan, with many intervenor and Staff positions continuing to support Grid Plan compliance and need for investment[8] - PECO electric and gas distribution rate cases are proceeding in line with schedule for rates effective January 1, 2025[8] - Pepco MD completed its electric distribution rate case, and the Pepco DC electric distribution rate case is anticipated to be completed in the fourth quarter[8]

For the quarter ended June 2024, Exelon (EXC) reported revenue of $5.36 billion, up 11.3% over the same period last year. EPS came in at $0.47, compared to $0.41 in the year-ago quarter. The reported revenue represents a surprise of +7.59% over the Zacks Consensus Estimate of $4.98 billion. With the consensus EPS estimate being $0.40, the EPS surprise was +17.50%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...

Exelon (EXC) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 17.50%. A quarter ago, it was expected that this energy company would post earnings of $0.70 per share when it actually produced earnings of $0.69, delivering a surprise of -1.43%. Over the last four quarters, the company ha ...

Exelon Corporation's (EXC) second-quarter 2024 earnings of 47 cents per share surpassed the Zacks Consensus Estimate of 40 cents by 17.5%. Earnings also increased from the year-ago level of 41 cents. On a GAAP basis, earnings were 45 cents per share compared with 34 cents in the year-ago quarter. Total Revenues Exelon's reported revenues of $5.36 billion, which surpassed the Zacks Consensus Estimate of $4.98 billion by 7.6%. The top line was 11.2% higher than the year-ago figure of $4.82 billion. Highlights ...

Core Viewpoint - Investors in the Utility - Electric Power sector should consider Exelon (EXC) and OGE Energy (OGE) as potential investment options, with a focus on which stock is more appealing to value investors [1] Valuation Metrics - Both Exelon and OGE Energy currently hold a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions and an improving earnings outlook for both companies [2] - The Value category evaluates stocks using key metrics such as P/E ratio, P/S ratio, earnings yield, and cash flow per share, which are essential for value investors [3] - Exelon has a P/B ratio of 1.42, while OGE's P/B ratio is 1.73, suggesting Exelon may be the more attractive option based on this metric [4] - Exelon has a forward P/E ratio of 15.20 compared to OGE's 17.97, and Exelon's PEG ratio is 2.69, while OGE's PEG ratio is 3.59, indicating Exelon may offer better value [8] - Exelon has a Value grade of B, whereas OGE has a Value grade of C, further supporting the conclusion that Exelon is the superior value option [9]

In its upcoming report, Exelon (EXC) is predicted by Wall Street analysts to post quarterly earnings of $0.41 per share, reflecting no change compared to the same period last year. Revenues are forecasted to be $5.01 billion, representing a year-over-year increase of 4%. Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently ...

Last year, the estimate for 2023 non-GAAP earnings was $2.30 to $2.42 per share. Year-end earnings came in at $2.38, up 4.8% from $2.27 in 2022. The early estimate for 2024 earnings is $2.40 to $2.50 per share, so on average 3.0% higher. Earnings growth is now estimated by Exclon at 5-7.0% per year moving forward, versus the 6- 8.0% estimate of last year. This has been a common trend for utilities in today's higher interest rate environment. 2023's increased earnings were largely due to higher electric reve ...