The chart below shows how EXC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EXC sees a -1.44% change in stock price 10 days leading up to the earnings, and a +0.03% change 10 days following the report. On the earnings day itself, the stock moves by +0.32%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Earnings Exceed Expectations: Excelon reported GAAP earnings of $0.70 per share and operating earnings of $0.71 per share, exceeding expectations shared in the previous quarter.
Operational Performance Excellence: The company achieved strong operational performance across the board despite significant storm activity in July, with top quartile or better performance in key indicators for safety, reliability, and customer satisfaction.
Regulatory Compliance Progress: Excelon has made considerable progress on its 2024 regulatory calendar since the second quarter call, indicating a proactive approach to compliance and operational readiness.
Debt Financing Success: In the third quarter, Excelon raised $575 million in debt financing, demonstrating strong investor demand and confidence in the company's financial health.
Operating Earnings Guidance: The company is on track to achieve operating earnings guidance of $2.40 to $2.50 per share for the fourth quarter, reflecting a solid outlook for continued financial performance.
Negative
Earnings Per Share Decline: Earnings per share decreased to $0.71 from $0.67 in the same quarter last year, reflecting a decline of 6% year-over-year.
Operating Income Shortfall: Operating income was reported at $0.71 per share, which is lower than the expected range of $2.40 to $2.50 per share for the upcoming quarter.
Storm Impact on Operations: The company faced significant storm activity in July, which negatively impacted operations and customer service levels.
Customer Satisfaction Decline: Customer satisfaction metrics showed a decline, with reports indicating that service reliability has been affected by recent weather events.
Storm Recovery Cost Impact: The company is experiencing increased costs associated with storm recovery efforts, which are expected to impact future earnings.
Exelon Corporation (EXC) Q3 2024 Earnings Call Transcript
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