Constellation Energy Q2 2024 Adj. EPS $1.68 Misses $1.72 Estimate, Sales $5.475B Miss $5.550B Estimate
Portfolio Pulse from Benzinga Newsdesk
Constellation Energy (NASDAQ:CEG) reported Q2 2024 adjusted EPS of $1.68, missing the analyst estimate of $1.72. Sales were $5.475 billion, also missing the estimate of $5.550 billion. Sales increased by 0.53% compared to the same period last year.
August 06, 2024 | 10:49 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Constellation Energy's Q2 2024 earnings and sales both missed analyst estimates. EPS was $1.68, below the $1.72 estimate, and sales were $5.475 billion, below the $5.550 billion estimate. Sales increased by 0.53% year-over-year.
The company's earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the slight year-over-year sales increase may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100