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Valued at a market cap of $40.6 billion, Exelon Corporation (EXC) is a utility services holding company that engages in energy distribution and transmission businesses. The Chicago, Illinois-based company also offers various support services, including legal, human resources, information technology, and supply management to name a few. It is expected to announce its fiscal Q4 earnings results before the market opens on Wednesday, Feb. 12.

Ahead of this event, analysts expect the utility company to report a profit of $0.60 per share, in line with the year-ago quarter figure. The company has surpassed Wall Street's earnings estimates in three of the last four quarters while missing on another occasion. In Q3, EXC’s adjusted EPS of $0.71 outpaced the consensus estimates by a margin of nearly 6%.

For fiscal 2024, analysts expect EXC to report an EPS of $2.46, up 3.4% from a profit of $2.38 in fiscal 2023.

Shares of Exelon have gained 12.5% over the past 52 weeks, underperforming both the S&P 500 Index's ($SPX) 25.5% rise, and the Utilities Select Sector SPDR Fund’s (XLU) 29.1% return over the same time frame.

On Oct. 30, EXC’s shares marginally increased after its better-than-expected Q3 earnings release. Despite challenging weather conditions, the company’s revenue increased 6% year-over-year to $6.2 billion and surpassed the Wall Street estimates by 1.3%. Meanwhile, its adjusted EPS of $0.71 improved 2.9% from the year-ago quarter and outpaced the forecasted figure by a notable margin of 6%. Exelon’s disciplined approach to financial management, combined with operational excellence favored its results.

Moreover, noting its strategic investments in energy infrastructure, the company reaffirmed its full-year 2024 adjusted EPS guidance in the range of $2.40-$2.50.

Wall Street analysts are moderately optimistic about EXC’s stock, with a "Moderate Buy" rating overall. Among 18 analysts covering the stock, six recommend "Strong Buy," 11 recommend “Hold,” and one indicates a “Strong Sell” rating. This configuration is slightly more bullish than three months ago, with five analysts suggesting a “Strong Buy.” The mean price target for Exelon is $42.93 which indicates a modest 9.5% potential upside from the current levels.

On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More news from Barchart

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