Constellation Energy Q4 EPS $(0.11) Misses $1.92 Estimate, Sales $5.80B Beat $5.67B Estimate
Portfolio Pulse from Benzinga Newsdesk
Constellation Energy (NASDAQ:CEG) reported a Q4 EPS of $(0.11), missing the $1.92 estimate, with sales of $5.80B surpassing the $5.67B estimate. This represents a 210% decrease in earnings and a 20.96% decrease in sales from the same period last year.
February 27, 2024 | 11:35 am
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NEGATIVE IMPACT
Constellation Energy reported a significant miss in Q4 EPS at $(0.11) against a $1.92 estimate and a 210% decrease in earnings from last year, but sales exceeded expectations.
The significant miss in EPS and a substantial decrease in earnings from the previous year are likely to negatively impact investor sentiment and stock price in the short term. However, the beat on sales estimates might provide some cushion to the negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100