Exelon Reaffirms FY23 Adj. EPS Outlook $2.30-$2.42 Vs. $2.36 Estimate
Portfolio Pulse from Benzinga Newsdesk
Exelon Corporation has reaffirmed its FY23 adjusted EPS outlook of $2.30-$2.42, which is in line with the $2.36 estimate. The company reported Q2 adjusted operating earnings of $0.41 per share and has deployed $3.6B of investments in the first half of 2023. It plans to execute the remaining $7.2B of investments in the second half of the year.
August 04, 2023 | 10:54 am
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POSITIVE IMPACT
Exelon's reaffirmation of its FY23 EPS outlook and strong Q2 performance may instill confidence in investors, potentially leading to a positive impact on its stock price.
Exelon's reaffirmation of its FY23 EPS outlook indicates that the company is performing as expected, which could reassure investors and potentially lead to an increase in its stock price. Additionally, the company's strong Q2 performance and significant investments in the first half of 2023 further demonstrate its financial stability and commitment to growth, which could also positively impact its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100