Analysts forecast that Exelon Co. (NYSE:EXC – Get Rating) will post $4.52 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Exelon’s earnings, with the highest sales estimate coming in at $4.63 billion and the lowest estimate coming in at $4.40 billion. Exelon posted sales of $9.89 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 54.3%. The company is scheduled to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Exelon will report full-year sales of $17.75 billion for the current financial year, with estimates ranging from $17.20 billion to $18.29 billion. For the next year, analysts expect that the firm will post sales of $18.31 billion, with estimates ranging from $17.70 billion to $18.92 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Exelon.
Several brokerages have issued reports on EXC. StockNews.com began coverage on shares of Exelon in a research report on Thursday, March 31st. They issued a “hold” rating for the company. KeyCorp lifted their price objective on shares of Exelon from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday.
Exelon Company Profile (Get Rating)
Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
- Get a free copy of the StockNews.com research report on Exelon (EXC)
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