Constellation Energy Q1 2024 Adj EPS $1.82 Beats $1.49 Estimate, Sales $6.161B Miss $7.856B Estimate
Portfolio Pulse from Benzinga Newsdesk
Constellation Energy (NASDAQ:CEG) reported Q1 2024 adjusted EPS of $1.82, surpassing the $1.49 estimate, but its sales of $6.161B fell short of the $7.856B estimate, marking an 18.56% decrease from the previous year.
May 09, 2024 | 11:50 am
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Constellation Energy's Q1 2024 earnings beat EPS estimates but missed on sales, with a significant year-over-year decrease.
While the EPS beat is positive, the significant miss on sales and the year-over-year decrease could concern investors. The mixed results may lead to neutral short-term stock price movement as the market digests both the positive earnings surprise and the negative sales performance.
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