Exelon Corporation’s (EXC) fourth-quarter 2024 earnings of 64 cents per share surpassed the Zacks Consensus Estimate of 59 cents by 8.5%. The figure also increased from the year-ago level of 60 cents per share. Higher distribution and transmission rate increases at Pepco Holdings LLC boosted year-over-year earnings.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.On a GAAP basis, earnings were 64 cents per share, which increased 3.2% from the year-ago quarter’s 62 cents.Adjusted e ...

Exelon (EXC) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.47%. A quarter ago, it was expected that this energy company would post earnings of $0.67 per share when it actually produced earnings of $0.71, delivering a surprise of 5.97%.Over the last four quarters, the company has s ...

Financial Performance - Exelon reported GAAP net income of $0.64 per share for Q4 2024, up from $0.62 per share in Q4 2023, and full-year GAAP net income of $2.45 per share, an increase from $2.34 per share in 2023[5][6]. - Adjusted (non-GAAP) operating earnings for Q4 2024 were $0.64 per share, compared to $0.60 per share in Q4 2023, with full-year adjusted earnings at $2.50 per share, up from $2.38 per share in 2023[5][6]. - Full year 2024 GAAP net income was $2.45 per diluted share, totaling $2,460 million, while adjusted operating earnings increased to $2.50 per diluted share, totaling $2,507 million[17]. - For the full year 2023, GAAP net income was $2.34 per diluted share, totaling $2,328 million, with adjusted operating earnings at $2.38 per diluted share, totaling $2,377 million[18]. - Net income for the twelve months ended December 31, 2024, increased to $2,460 million, up from $2,328 million in 2023, representing a growth of 5.6%[41]. - The change in net income from 2023 to 2024 showed a decrease of $30 million, with specific segments experiencing varied performance[33]. Revenue and Customer Metrics - Operating revenues for the three months ended December 31, 2024, increased to $5,471 million, compared to $5,368 million in the same period of 2023, reflecting a growth of 1.9%[31]. - Total electric revenues for 2024 increased by 2.5% year-over-year to $84,333 million, with residential electric revenues rising by 6.8% to $3,809 million[57]. - The number of residential electric customers decreased slightly from 3,744,213 in 2023 to 3,727,097 in 2024, while small commercial & industrial customers increased from 391,675 to 396,797[57]. - Total electric revenues increased by 2.0% to $8,374 million in Q4 2024 compared to $8,209 million in Q4 2023[61]. - Total natural gas revenues rose by 2.4% to $25,822 million in Q4 2024 from $25,217 million in Q4 2023[61]. - The number of electric customers decreased slightly to 1,702,465 in 2024 from 1,705,719 in 2023[64]. - The number of natural gas customers increased marginally to 553,721 in 2024 from 552,834 in 2023[64]. Capital Expenditures and Investments - Exelon plans to invest $38 billion in capital expenditures over the next four years, a 10% increase from the prior plan, supporting a projected rate base growth of 7.4%[3]. - The updated financing plan includes $1.4 billion of additional equity to fund about 40% of $3.5 billion in incremental capital expenditures, resulting in annual equity needs of $700 million from 2025 to 2028[3]. - Capital expenditures decreased to $7,097 million in 2024 from $7,408 million in 2023, a reduction of 4.2%[41]. Dividends and Shareholder Returns - The company declared a quarterly dividend of $0.40 per share for Q1 2025, implying a total 2025 dividend payout of approximately 60% of adjusted operating earnings[3]. - Dividends paid on common stock increased to $1,524 million in 2024 from $1,433 million in 2023, an increase of 6.4%[41]. Operational Performance and Cost Management - The company plans to continue focusing on operational performance through adjusted (non-GAAP) operating earnings, which exclude certain costs and expenses[22]. - Environmental costs for 2024 were reported at $13 million, impacting adjusted earnings by $(0.01) per share[17]. - The company incurred a cost management charge of $13 million in 2024, affecting adjusted earnings by $0.01 per share[17]. - The change in FERC audit liability for 2024 resulted in an increase of $40 million, contributing $0.04 to adjusted earnings[17]. Debt and Liabilities - Long-term debt increased to $42,947 million as of December 31, 2024, compared to $39,692 million in 2023, reflecting a rise of 5.7%[38]. - The company’s total liabilities rose to $80,863 million as of December 31, 2024, compared to $76,101 million in 2023, an increase of 6.3%[38]. - The company reported a total asset increase to $107,784 million as of December 31, 2024, from $101,856 million in 2023, marking a growth of 5.8%[38]. Market Presence - Exelon serves over 10.7 million customers across six regulated utilities, emphasizing its market presence[21].

Exelon Corporation EXC will release its fourth-quarter financial results before the opening bell on Wednesday.Analysts expect the Chicago-based company to report quarterly earnings at 59 cents per share, down from 60 cents per share in the year-ago period. Exelon projects quarterly revenue of $4.74 billion, compared to $5.37 billion a year earlier, according to data from Benzinga Pro.On Jan. 21, Evercore ISI Group analyst Durgesh Chopra upgraded Exelon from In-Line to Outperform and raised the price target ...

Core Viewpoint - Exelon Corporation (EXC) is set to release its fourth-quarter 2024 results on February 12, with expectations of a slight decrease in earnings per share but a modest increase in revenues [1][5]. Group 1: Earnings Performance Expectations - Exelon's fourth-quarter earnings are anticipated to benefit from a reduction in volumetric risk, with approximately 76% of its distribution revenues decoupled [3]. - The company's bottom line is expected to be positively impacted by rate case activities, with new electric and gas rates implemented in previous quarters contributing to earnings [3]. - Earnings are also projected to benefit from ongoing energy efficiency programs and increased demand from data centers, alongside cost-saving initiatives [4]. Group 2: Financial Estimates - The Zacks Consensus Estimate for Exelon's earnings is set at 59 cents per share, reflecting a year-over-year decrease of 1.7% [5]. - The Zacks Consensus Estimate for revenues is projected at $5.45 billion, indicating a year-over-year improvement of 1.6% [5]. Group 3: Earnings Prediction Model - The quantitative model does not predict an earnings beat for Exelon this quarter, with an Earnings ESP of -0.67% [6]. - Exelon currently holds a Zacks Rank of 2 (Buy), which typically indicates a favorable outlook, but the lack of a positive Earnings ESP suggests a lower likelihood of exceeding earnings expectations [6][7].

In its upcoming report, Exelon (EXC) is predicted by Wall Street analysts to post quarterly earnings of $0.59 per share, reflecting a decline of 1.7% compared to the same period last year. Revenues are forecasted to be $5.45 billion, representing a year-over-year increase of 1.6%.Over the last 30 days, there has been an upward revision of 1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Exelon (EXC) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 12, 2025, might help the stock move higher if these key numbers are better than expect ...

Core Insights - Exelon (EXC) is currently more attractive to value investors compared to Centuri Holdings (CTRI) based on various valuation metrics and earnings outlook [1][3]. Valuation Metrics - Exelon has a forward P/E ratio of 15.13, significantly lower than Centuri Holdings' forward P/E of 41.54, indicating that EXC is potentially undervalued [5]. - The PEG ratio for Exelon is 2.65, while Centuri Holdings has a much higher PEG ratio of 11.64, suggesting that EXC offers better growth prospects relative to its valuation [5]. - Exelon's P/B ratio stands at 1.50, compared to Centuri Holdings' P/B of 3.52, further supporting the notion that EXC is a more favorable investment option [6]. Earnings Outlook - Exelon holds a Zacks Rank of 2 (Buy), indicating a positive earnings estimate revision trend, while Centuri Holdings has a Zacks Rank of 3 (Hold), suggesting a less favorable earnings outlook [3][6]. - The solid earnings outlook for Exelon, combined with its favorable valuation metrics, positions it as the superior value option in the current market [6].

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