Why Constellation Energy Corporation (CEG) Could Beat Earnings Estimates Again

Core Insights - Constellation Energy Corporation (CEG) has consistently beaten earnings estimates, particularly in the last two quarters, with an average surprise of 6.08% [1][5] - For the last reported quarter, CEG reported earnings of $2.44 per share, exceeding the Zacks Consensus Estimate of $2.19 per share by 11.42% [2] - The previous quarter also saw CEG outperform expectations, reporting $2.74 per share against an estimate of $2.72, resulting in a surprise of 0.74% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for CEG, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong potential for an earnings beat [5][8] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6] - CEG currently has an Earnings ESP of +0.82%, suggesting analysts are optimistic about its near-term earnings potential [8] Zacks Rank and Market Behavior - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) indicates a strong likelihood of another earnings beat for CEG [8] - It is important for investors to check a company's Earnings ESP prior to quarterly releases to enhance the probability of successful investment decisions [9]