Exelon Corporation’s FY2023 EPS Forecast Increased by Analyst

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Exelon Corporation ($NASDAQ:EXC) is comprised of six utilities, three competitive energy businesses, and energy-related services. The company produces electricity from nuclear, gas, coal, oil, and renewable sources. Recently, an analyst has increased Exelon Co.’s forecast for its FY2023 Earnings Per Share (EPS). This news has been positively received by investors as the company’s stock price has moved up on the news. Exelon Co. has reported strong earnings growth in FY2022, driven by new investments in renewable energy sources and a focus on cost cutting initiatives. The company’s profitability has also been helped by a recent increase in electricity rates due to rising demand.

In addition, Exelon Co.’s strong balance sheet and strong cash flow have helped to support its share price in the past year. The company’s continued focus on cost cutting and investments in renewable energy sources should help to support its earnings growth in FY2023 and beyond. With the increasing demand for electricity, Exelon Co. is well positioned to capitalize on this demand and continue to grow its business. Investors should keep an eye on Exelon Co.’s stock price in the coming months to see how this increased forecast plays out.

Market Price

Exelon Corporation‘s FY2023 earnings-per-share (EPS) forecast recently increased by an analyst, giving news sentiment around the company a much-needed boost. On Monday, EXELON CORPORATION stock opened at $42.1 and closed at $41.8, down by 1.2% from previous closing price of 42.3. This decrease in the share price likely has to do with the overall market conditions and not necessarily negative news regarding the company. Analysts have been optimistic about the company’s long-term prospects, citing its competitive position in the energy sector and its ability to generate profits from multiple sources. These include its nuclear and renewable energy businesses, as well as its electricity and gas delivery services. The company has also been able to increase its dividend annually, making it an attractive investment for income investors.

In addition to its strong financial performance, the company has continued to make investments in its infrastructure and operations to help ensure its future success. This includes investments in technology, research and development, and personnel. These investments are intended to help the company remain competitive and maintain its edge over its competitors in the energy sector. This is a sign that despite the current market conditions, analysts remain bullish on the company’s long-term prospects. With these positive signs in mind, investors may want to keep an eye on EXELON CORPORATION’s stock going forward. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Exelon Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Exelon Corporation. More…

Balance Sheet Snapshot

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

Key Ratios Snapshot

Some of the financial key ratios for Exelon Corporation are shown below. More…

VI Analysis

EXELON CORPORATION is a company that has achieved moderate revenue or earnings growth, making it a ‘rhino’ type of company. According to the VI Star Chart, the company has an intermediate health score of 4/10 with regard to its cashflows and debt, indicating that it may be able to safely ride out any crisis without the risk of bankruptcy. Its fundamentals reflect its long term potential and show that it is strong in dividend, medium in profitability, and weak in asset and growth. Investors who are interested in this type of company should look for a strong balance sheet and cash flow, dividend payment stability, and medium-term profitability potential. They should also ensure that the company has a solid track record of maintaining its dividend payments and that its assets are sufficient to cover its liabilities. Additionally, investors should consider the company’s growth prospects to ensure that it can meet its short-term and long-term objectives. Finally, investors should evaluate the company’s management team and their strategy for long-term success. More…

VI Peers

In the United States, the electric power industry is organized into regional transmission organizations (RTOs) and independent system operators (ISOs) that operate wholesale electricity markets. Exelon Corp, New Jersey Resources Corp, Public Service Enterprise Group Inc, and Consolidated Edison Inc are all major players in the electric power industry. These companies compete against each other to provide electricity to consumers in their respective service areas.

– New Jersey Resources Corp ($NYSE:NJR)

New Jersey Resources Corp is a publicly traded energy services holding company with subsidiaries that provide natural gas and electricity to residential, commercial, and industrial customers in New Jersey and Pennsylvania. The company also owns and operates a regulated interstate natural gas pipeline and a regulated interstate natural gas storage system. As of December 31, 2020, the company had 2,841 employees.

– Public Service Enterprise Group Inc ($NYSE:PEG)

Public Service Enterprise Group Inc (PSEG) is a publicly traded diversified energy company with a market cap of $27.57 billion as of 2022. The company is engaged in the generation, transmission, and distribution of electricity and natural gas. It also provides energy-related products and services through its subsidiaries. PSEG’s return on equity (ROE) was -5.39% as of 2022.

PSEG was founded in 1903 and is headquartered in Newark, New Jersey. The company operates in the United States and has approximately 10,000 employees. PSEG’s primary business segments include Electric Operations, Gas Operations, and Energy Resources & Trade.

Public Service Enterprise Group Inc is a large, diversified energy company with a long history. The company has a market cap of $27.57 billion and an ROE of -5.39%. PSEG operates in the electricity generation, transmission, and distribution business as well as the natural gas business. The company also provides energy-related products and services through its subsidiaries.

– Consolidated Edison Inc ($NYSE:ED)

Consolidated Edison Inc is a holding company that engages in the business of providing energy services through its subsidiaries. The company operates in four segments: electric, gas, steam, and other. It has a market cap of $29.44B as of 2022 and a return on equity of 8.28%.

The company was founded in 1884 and is headquartered in New York, NY.

Summary

Exelon Corporation is a leading energy company in the United States with a focus on nuclear, natural gas, and renewable energy sources. Recently, a major analyst has upgraded its forecasted earnings per share (EPS) for the fiscal year 2023. This news has been received positively by the market, with investors showing increased optimism for the stock.

With its diverse energy portfolio and strong balance sheet, Exelon is well-positioned to benefit from rising demand for electricity and other energy sources. Investors looking for a long-term investment should consider Exelon as a reliable option with a solid track record of growth and profitability.