Constellation Energy Q3: Earnings Beat, Revised FY24 EPS Guidance & More
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 04 2024
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Source: Benzinga
Company Performance: Constellation Energy Corporation's shares fell 10.4% after reporting third-quarter results that included sales of $6.550 billion and adjusted EPS of $2.74, both exceeding estimates, but revised FY24 EPS guidance to $8.00 – $8.40, slightly below expectations.
Future Initiatives: The company signed a significant 20-year power purchase agreement with Microsoft for the Crane Clean Energy Center and plans to restart Three Mile Island Unit 1, while emphasizing the importance of clean energy in supporting economic competitiveness and national security.
Analyst Views on UTES
Wall Street analysts forecast UTES stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UTES is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 78.270
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Current: 78.270
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
