Exelon: Shares Still Undervalued, But Now With Higher Dividend And New Growth Potential

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 ...