Company Performance - Constellation Energy Corporation (CEG) closed at $287.35, down 2.38% from the previous session, underperforming the S&P 500's gain of 0.55% [1] - The company's shares have decreased by 19.12% over the past month, while the Oils-Energy sector gained 7.71% and the S&P 500 increased by 0.71% during the same period [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $2.17, reflecting an 11.07% decline from the same quarter last year, with projected net sales of $5.48 billion, up 1.83% year-over-year [2] - For the entire fiscal year, earnings are estimated at $9.3 per share, indicating a 7.27% increase, while revenue is projected to remain flat at $24.35 billion compared to the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Constellation Energy Corporation should be monitored, as they often indicate short-term business trends [4] - Positive estimate revisions are viewed as a sign of optimism regarding the company's business outlook [4] Zacks Rank and Valuation - The Zacks Rank system currently rates Constellation Energy Corporation as 3 (Hold), with no changes in the EPS estimate over the past month [6] - The company has a Forward P/E ratio of 26.1, which is a premium compared to the industry average of 18.9, and a PEG ratio of 1.69, higher than the industry average PEG ratio of 1.38 [7] Industry Context - The Alternative Energy - Other industry, which includes Constellation Energy, has a Zacks Industry Rank of 167, placing it in the bottom 32% of over 250 industries [8] - Historically, the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]
Constellation Energy Corporation (CEG) Stock Drops Despite Market Gains: Important Facts to Note