Exelon (EXC) To Report Q2 Earnings: What's In The Offing?
Zacks Investment Research | Jul 24, 2019 11:03PM ET
Exelon Corporation (NYSE:EXC) is scheduled to report second-quarter 2019 results on Aug 1, before the opening bell. The company recorded break-even earnings in the last reported quarter.
Let’s see how things are shaping up before the next earnings announcement.
Factors to Consider
Exelon’s second-quarter earnings are expected to improve on the back of higher rate base and new rates that have been approved by the regulatory authority. The new rates in Atlantic City Electric’s service territories came into effect from Apr 1, which will likely boost revenues of the company. Operational efficiency, organic growth and debt reductions are likely to have a positive impact on earnings.
The company expects second-quarter earnings in the range of 55-65 cents per share. The Zacks Consensus Estimate for the same is pegged at 63 cents, which is toward the upper end of the guided range.
What Our Quantitative Model Predicts
Our proven model shows that Exelon is unlikely to beat estimates in the to-be-reported quarter. A stock needs to have both a positive Zacks Investment Research
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