Constellation Energy Group
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Constellation Energy Group whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Constellation Energy Group booked revenue of $2.95 billion. The two analysts polled by S&P Capital IQ expected sales of $5.89 billion on the same basis. GAAP reported sales were 15% lower than the prior-year quarter's $3.47 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.05. The nine earnings estimates compiled by S&P Capital IQ averaged $0.64 per share on the same basis. GAAP EPS were -$2.91 for Q4 versus $0.79 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 6.1%, 1,260 basis points worse than the prior-year quarter. Operating margin was -1.2%, 660 basis points worse than the prior-year quarter. Net margin was -19.8%, 2,440 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $4.11 billion. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $16.27 billion. The average EPS estimate is $2.43.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 834 members out of 864 rating the stock outperform, and 30 members rating it underperform. Among 252 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 251 give Constellation Energy Group a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Constellation Energy Group is hold, with an average price target of $43.97.
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