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Constellation Energy Corporation (CEG) Increases Yet Falls Behind Market: What Investors Need to Know
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Constellation Energy Corporation (CEG - Free Report) closed at $306.33 in the latest trading session, marking a +0.01% move from the prior day. The stock lagged the S&P 500's daily gain of 0.72%. Elsewhere, the Dow saw an upswing of 0.3%, while the tech-heavy Nasdaq appreciated by 1.35%.
Shares of the company witnessed a gain of 15.9% over the previous month, beating the performance of the Oils-Energy sector with its gain of 0.1% and the S&P 500's gain of 1.02%.
Analysts and investors alike will be keeping a close eye on the performance of Constellation Energy Corporation in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.19, indicating a 2090.91% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $5.51 billion, down 4.87% from the prior-year quarter.
Investors should also pay attention to any latest changes in analyst estimates for Constellation Energy Corporation. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.69% higher. As of now, Constellation Energy Corporation holds a Zacks Rank of #2 (Buy).
In the context of valuation, Constellation Energy Corporation is at present trading with a Forward P/E ratio of 32.9. This represents a premium compared to its industry's average Forward P/E of 20.18.
One should further note that CEG currently holds a PEG ratio of 2.08. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Alternative Energy - Other industry had an average PEG ratio of 2.03.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 47, finds itself in the top 19% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CEG in the coming trading sessions, be sure to utilize Zacks.com.
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Constellation Energy Corporation (CEG) Increases Yet Falls Behind Market: What Investors Need to Know
Constellation Energy Corporation (CEG - Free Report) closed at $306.33 in the latest trading session, marking a +0.01% move from the prior day. The stock lagged the S&P 500's daily gain of 0.72%. Elsewhere, the Dow saw an upswing of 0.3%, while the tech-heavy Nasdaq appreciated by 1.35%.
Shares of the company witnessed a gain of 15.9% over the previous month, beating the performance of the Oils-Energy sector with its gain of 0.1% and the S&P 500's gain of 1.02%.
Analysts and investors alike will be keeping a close eye on the performance of Constellation Energy Corporation in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.19, indicating a 2090.91% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $5.51 billion, down 4.87% from the prior-year quarter.
Investors should also pay attention to any latest changes in analyst estimates for Constellation Energy Corporation. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.69% higher. As of now, Constellation Energy Corporation holds a Zacks Rank of #2 (Buy).
In the context of valuation, Constellation Energy Corporation is at present trading with a Forward P/E ratio of 32.9. This represents a premium compared to its industry's average Forward P/E of 20.18.
One should further note that CEG currently holds a PEG ratio of 2.08. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Alternative Energy - Other industry had an average PEG ratio of 2.03.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 47, finds itself in the top 19% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CEG in the coming trading sessions, be sure to utilize Zacks.com.