Earnings Alerts

Exelon Corp (EXC) Earnings: 2Q Operating Income Surpasses Estimates with $913 Million




Exelon 2Q Highlights

  • Exelon’s 2Q operating income: $913 million, up 30% year-over-year; estimate was $857.8 million.
  • Adjusted operating earnings per share (EPS): 47 cents vs. 41 cents year-over-year.
  • ComEd revenue: $2.08 billion, a 9.4% increase year-over-year; estimate was $1.88 billion.
  • PECO revenue: $891 million, up 7.6% year-over-year; estimate was $932.4 million.
  • BGE revenue: $928 million, a 16% increase year-over-year; estimate was $860.4 million.
  • PHI revenue: $1.47 billion, up 13% year-over-year; estimate was $1.43 billion.
  • Full year 2024 Adjusted operating earnings guidance range: $2.40-$2.50 per share reaffirmed.
  • Fully regulated operating EPS compounded annual growth target of 5-7% through 2027 reaffirmed.
  • Second quarter adjusted operating earnings of $0.47 per share, $0.06 ahead of 2Q 2023 results.
  • Results driven by increased revenue, disciplined cost management, and favorable weather conditions.
  • Analyst ratings: 6 buys, 12 holds, 1 sell.



Exelon Corp on Smartkarma

Analysts covering Exelon Corp on Smartkarma, an independent investment research network, have provided insights on the company. Baptista Research, one of the top independent analysts on the platform, published a research report titled “Exelon Corporation: Initiation Of Coverage – What Is Their Core Business Strategy? – Major Drivers”. In this report, Baptista Research highlighted Exelon’s significant progress on the regulatory front, especially with the expedited approval of ComEd’s revised revenue requirement by Illinois regulators. The report also noted Exelon’s proactive engagement with stakeholders to foster compliance and promote grid modernization, showcasing the company’s commitment to long-term value creation and adherence to clean-energy mandates.


A look at Exelon Corp Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience2
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Exelon Corporation’s long-term outlook appears promising based on its Smartkarma Smart Scores. With strong ratings across Value, Dividend, and Growth factors, the company demonstrates solid fundamental performance and potential for future growth. These scores reflect positively on Exelon’s financial health, ability to generate returns for investors, and capacity for expansion.

However, the company’s lower scores in Resilience and Momentum suggest some areas of concern. While Exelon’s operations in distributing electricity and gas, as well as managing nuclear power plants, form a stable foundation, potential challenges in navigating market fluctuations and sustaining growth momentum may pose risks to its long-term performance. Overall, Exelon’s diversified utility services business model positions it well for continued success, provided it can address any vulnerabilities highlighted by the Smart Scores.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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