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Constellation Energy First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Constellation Energy (NASDAQ:CEG) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$6.16b (down 19% from 1Q 2023).

  • Net income: US$883.0m (up by US$787.0m from 1Q 2023).

  • Profit margin: 14% (up from 1.3% in 1Q 2023). The increase in margin was driven by lower expenses.

  • EPS: US$2.79 (up from US$0.29 in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Constellation Energy EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) exceeded analyst estimates by 81%.

Looking ahead, revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in the US are expected to grow by 3.9%.

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Performance of the American Electric Utilities industry.

The company's shares are up 16% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Constellation Energy that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.