Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Constellation Energy Corporation (CEG)
NASDAQ:CEG
RESEARCH TOOLSreports
Holding CEG?
Track your performance easily
Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.01Last Year’s EPS
$1.74Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -11.90%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Constellation Energy's robust financial performance and operational success, particularly in its nuclear and commercial segments. However, challenges remain in regulatory areas, specifically regarding FERC rulings and capacity market issues. Overall, the positive financial and operational achievements slightly outweigh the regulatory and market challenges.Company Guidance
In Constellation Energy Corporation's third-quarter 2024 earnings call, the company reported GAAP earnings of $2.82 per share and adjusted operating earnings of $2.74 per share. Due to strong performance, Constellation raised its full-year adjusted operating earnings guidance to a range of $8 to $8.40 per share, with a midpoint of $8.20, a significant increase from the original midpoint of $7.60. The company highlighted a robust nuclear performance with a 95% capacity factor and exceptional refueling outage efficiency, averaging under 20 days per outage, well below the industry average. Constellation also noted a 96% renewable energy capture and an impressive 98.2% power dispatch matching for their renewables and natural gas fleet. Furthermore, the commercial business has outperformed expectations, contributing to an increase in enhanced gross margin by $275 million. Constellation reiterated its commitment to a 13% compounded base EPS growth through 2030, supported by strategic initiatives such as the Crane Clean Energy Center restart and additional nuclear generation uprates.Strong Financial Performance
Constellation Energy reported GAAP earnings of $3.82 per share and adjusted operating earnings of $2.74 per share, which was $0.61 higher than the previous year. They raised and narrowed their adjusted operating earnings guidance for the full year to $8 to $8.40 per share.
Nuclear Fleet Performance
Nuclear plants produced over 41 million-megawatt hours with a capacity factor of 95%. Refueling outages averaged less than 18 days, significantly below the industry average of 40 days.
Renewable and Natural Gas Fleet Performance
Renewables had a 96% energy capture rate, and natural gas had a 98.2% power dispatch matching.
Commercial Business Success
Continued strong performance in the commercial business, with margins above long-term averages and enhanced margins disclosed earlier in the year.
Crane Clean Energy Center Restart
The restart of the Crane Clean Energy Center validates the revival of nuclear energy and the growing demand for 24/7 clean energy.
---
CEG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CEG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $257.70 | $225.60 | -12.46% |
| Aug 06, 2024 | $169.39 | $180.42 | +6.51% |
| May 09, 2024 | $206.97 | $214.84 | +3.80% |
| Feb 27, 2024 | $132.30 | $154.69 | +16.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Constellation Energy Corporation (CEG) report earnings?
Constellation Energy Corporation (CEG) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Constellation Energy Corporation (CEG) earnings time?
Constellation Energy Corporation (CEG) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CEG EPS forecast?
CEG EPS forecast for the fiscal quarter 2024 (Q4) is $2.01.
---