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Constellation Energy Corporation (CEG) Beats Stock Market Upswing: What Investors Need to Know
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The latest trading session saw Constellation Energy Corporation (CEG - Free Report) ending at $218.54, denoting a +0.96% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.64% for the day. Elsewhere, the Dow saw an upswing of 0.85%, while the tech-heavy Nasdaq appreciated by 0.31%.
Heading into today, shares of the company had lost 31.78% over the past month, lagging the Oils-Energy sector's loss of 3.15% and the S&P 500's loss of 7.69% in that time.
The investment community will be closely monitoring the performance of Constellation Energy Corporation in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.98, marking an 8.79% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.46 billion, down 27.56% from the year-ago period.
CEG's full-year Zacks Consensus Estimates are calling for earnings of $9.38 per share and revenue of $21.49 billion. These results would represent year-over-year changes of +8.19% and -8.82%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Constellation Energy Corporation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 0.79% higher. Constellation Energy Corporation is holding a Zacks Rank of #2 (Buy) right now.
Looking at valuation, Constellation Energy Corporation is presently trading at a Forward P/E ratio of 23.07. This signifies a premium in comparison to the average Forward P/E of 18.97 for its industry.
We can additionally observe that CEG currently boasts a PEG ratio of 1.85. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Alternative Energy - Other industry currently had an average PEG ratio of 2.21 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 64, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Constellation Energy Corporation (CEG) Beats Stock Market Upswing: What Investors Need to Know
The latest trading session saw Constellation Energy Corporation (CEG - Free Report) ending at $218.54, denoting a +0.96% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.64% for the day. Elsewhere, the Dow saw an upswing of 0.85%, while the tech-heavy Nasdaq appreciated by 0.31%.
Heading into today, shares of the company had lost 31.78% over the past month, lagging the Oils-Energy sector's loss of 3.15% and the S&P 500's loss of 7.69% in that time.
The investment community will be closely monitoring the performance of Constellation Energy Corporation in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.98, marking an 8.79% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.46 billion, down 27.56% from the year-ago period.
CEG's full-year Zacks Consensus Estimates are calling for earnings of $9.38 per share and revenue of $21.49 billion. These results would represent year-over-year changes of +8.19% and -8.82%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Constellation Energy Corporation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 0.79% higher. Constellation Energy Corporation is holding a Zacks Rank of #2 (Buy) right now.
Looking at valuation, Constellation Energy Corporation is presently trading at a Forward P/E ratio of 23.07. This signifies a premium in comparison to the average Forward P/E of 18.97 for its industry.
We can additionally observe that CEG currently boasts a PEG ratio of 1.85. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Alternative Energy - Other industry currently had an average PEG ratio of 2.21 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 64, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.