Constellation Energy Stock Fair Value Calculator – CONSTELLATION ENERGY Reports Q2 Earnings for FY2023 with Total Revenue of USD 5446.0 Million

☀️Earnings Overview

CONSTELLATION ENERGY ($NASDAQ:CEG) announced their Q2 earnings results for FY2023 on June 30 2023, reporting total revenue of USD 5446.0 million, a 0.3% decrease from the same period in the previous year. The company reported a net income of USD 833.0 million, compared to a net loss of -111.0 million in the same period of the year prior.

Market Price

Shares of the company opened the day at $96.0 and ended with a closing price of $101.1, representing an increase of 5.8% from its prior closing price of 95.6. The company’s earnings report showed that they had achieved an impressive growth in net income as well as operating income compared to the same period last year. The increase in earnings was driven by strong sales across all of its business segments, including energy, retail, and wholesale.

Overall, CONSTELLATION ENERGY‘s Q2 earnings report showed a healthy performance, with total revenue increasing substantially compared to the same period last year. Investors are expected to keep a close eye on future reports to see if the company can maintain this positive momentum. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Constellation Energy. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Constellation Energy. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Constellation Energy. More…

Key Ratios Snapshot

Some of the financial key ratios for Constellation Energy are shown below. More…

Analysis – Constellation Energy Stock Fair Value Calculator

At GoodWhale, we have conducted a thorough analysis of CONSTELLATION ENERGY‘s finances. The intrinsic value of CONSTELLATION ENERGY share, calculated by our proprietary Valuation Line, is around $84.8. Currently, CONSTELLATION ENERGY stock is traded at $101.1, which is a fair price that is slightly overvalued at 19.2%. More…

Peers

Constellation Energy Corp is an electricity and gas supplier and one of the largest energy companies in the United States. Its competitors include Energy Vault Holdings Inc, China Southern Power Grid Energy Efficiency & Clean Energy Co Ltd, Nevo Energy Inc.

– Energy Vault Holdings Inc ($NYSE:NRGV)

As of 2022, Energy Vault Holdings Inc has a market cap of 627.66M and a Return on Equity of 43.81%. The company is a provider of energy storage solutions. Its products are based on a proprietary technology that uses gravity to store and release energy. The company’s products are designed to provide a cost-effective, scalable, and environmentally friendly solution to the challenges of storing energy.

– China Southern Power Grid Energy Efficiency & Clean Energy Co Ltd ($SZSE:003035)

China Southern Power Grid Energy Efficiency & Clean Energy Co Ltd is a power grid company that operates in the southern part of China. The company has a market capitalization of 22.65 billion as of 2022 and a return on equity of 9.23%. The company is involved in the generation, transmission, and distribution of electricity. The company also provides energy efficiency and clean energy solutions.

– Nevo Energy Inc ($OTCPK:NEVE)

Nevo Energy Inc is a Canadian renewable energy company with a focus on solar power generation. It has a market cap of 746.77k as of 2022 and a return on equity of 19.78%. The company has a strong focus on solar power and has a portfolio of solar projects in the works. It is also involved in the development of new solar technology.

Summary

Investors in Constellation Energy should be pleased with their Q2 earnings report for FY2023, as the company reported total revenue of USD 5446.0 million, a small 0.3% decrease compared to the previous year. Net income was reported as USD 833.0 million, a significant improvement over the prior year’s reported net loss of USD 111.0 million. The stock price responded positively to the news, indicating that investors remain confident in the company’s ability to deliver consistent returns. With its improved financial performance, Constellation Energy is well-positioned to continue providing investors with a steady stream of profits in the foreseeable future.