Exelon Corporation (NYSE:EXC) is set to announce third quarter earning results on Tuesday 3rd November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, EXC to report 3Q20 income of $ 0.87 per share.
For the full year, analysts anticipate top line of $ 31307.60 million, while looking forward to income of $ 2.97 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.80 ~ $ 3.10 per share
Click Here For More Historical Outlooks Of Exelon Corporation
Previous Quarter Performance
Exelon Corporation unwinded income for the second quarter of $ 0.55 per share, from the revenue of $ 7,322.00 million. The quarterly earnings dropped 8.33 percent while revenues shrunk 4.77 percent compared with the same quarter last year.
According to street consensus, EXC was expected to report 2Q20 income of $ 0.43 per share from revenue of $ 6700.85 million. The bottom line results beat street analysts by $ 0.12 or 27.91 percent, at the same time, top line results outshined analysts by $ 621.15 million or 9.27 percent.
Stock Performance
Shares of Exelon Corporation traded up $ 1.07 or 2.68 percent on Monday, reaching $ 40.96 with volume of 4.82 million shares. Exelon Corporation has traded high as $ 40.98 and has cracked $ 39.94 on the downward trend
The closing price of $ 40.96, representing a 36.24 % increase from the 52 week low of $ 29.28 and a 21.07 % decrease over the 52 week high of $ 50.54.
The company has a market capital of $ 39.92 billion and is part of the Utilities sector and Utilities – Diversified industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 60.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.3825 per share on July 28, 2020. The dividend were payable on September 10, 2020 to holders of record as of the close of business on August 14, 2020 and ex-dividend date on August 13, 2020.
Conference Call
Exelon Corporation will be hosting a conference call at 10:00 AM eastern time on 3rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.exeloncorp.com
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
