The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Exelon whiffed on revenues and missed on earnings per share.
Compared to the prior-year quarter, revenue dropped, and earnings per share improved.
Margins improved across the board.
Exelon logged revenue of $4.25 billion. The five analysts polled by S&P Capital IQ expected net sales of $4.79 billion. Sales were 5.4% lower than the prior-year quarter's $4.49 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.82. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.88 per share on the same basis. GAAP EPS of $0.91 for Q4 were 15% higher than the prior-year quarter's $0.79 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 37.5%, 160 basis points better than the prior-year quarter. Operating margin was 25.0%, 200 basis points better than the prior-year quarter. Net margin was 14.3%, 260 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $4.64 billion. On the bottom line, the average EPS estimate is $0.79.
Next year's average estimate for revenue is $18.12 billion. The average EPS estimate is $3.05.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,775 members out of 1,825 rating the stock outperform, and 50 members rating it underperform. Among 490 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 481 give Exelon a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Exelon is outperform, with an average price target of $47.53.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of and creating a write covered strangle position in Exelon. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.