Company Performance - Constellation Energy Corporation (CEG) closed at $347.44, reflecting a +0.35% change from the previous session, outperforming the S&P 500, which lost 0.29% [1] - Over the past month, CEG shares have gained 51.43%, while the Oils-Energy sector declined by 1.71% and the S&P 500 increased by 2.52% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with expected EPS of $2.20, representing a 2100% increase from the prior-year quarter [2] - Revenue is projected at $5.51 billion, indicating a 4.87% decrease from the same quarter last year [2] Analyst Estimates - Recent modifications to analyst estimates are crucial, as they reflect near-term business trends and analysts' confidence in the company's profitability [3] - A 2.55% rise in the Zacks Consensus EPS estimate has been noted over the past month, indicating positive sentiment [5] Zacks Rank and Valuation - Constellation Energy Corporation currently holds a Zacks Rank of 1 (Strong Buy), which has historically delivered an average annual return of +25% since 1988 [5] - The company has a Forward P/E ratio of 36.95, significantly higher than its industry's Forward P/E of 17.78, and a PEG ratio of 1.85, compared to the industry average of 1.9 [6] Industry Context - The Alternative Energy - Other industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 51, placing it in the top 21% of over 250 industries [7] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [7]
Why the Market Dipped But Constellation Energy Corporation (CEG) Gained Today