Constellation Energy Corporation (CEG) is currently a focus of investor interest, having shown a 1% increase in shares over the past month, compared to a 3.8% gain in the S&P 500 composite. The company operates within the Zacks Alternative Energy – Other industry, which has seen a 1.8% decrease in the same period.
For the current quarter, Constellation Energy is expected to report earnings of $1.87 per share, reflecting a 27% decline year-over-year. However, estimates for the current fiscal year predict earnings of $7.65, a rise of 52.7% compared to last year. The consensus revenue estimate for the current quarter stands at $5.3 billion, trending down by 2.7% year-over-year.
In terms of investment outlook, Constellation Energy holds a Zacks Rank of #2 (Buy), reflecting an expectation to outperform the broader market. Furthermore, the company has consistently exceeded consensus EPS estimates, achieving a 10.98% surprise in the last quarter.
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