Exelon (EXC) Q4 Earnings Miss by a Penny, Revenues Lag

Exelon CorporationEXC , a competitive energy provider, delivers electricity and natural gas to customers in central Maryland, northern Illinois and southeastern Pennsylvania through its subsidiaries. The Chicago, IL-based firm operates in 48 states and the District of Columbia of the U.S., and Canada.

Exelon's strategy of matching its load business with generation fleet, addition of renewable and natural gas based power generating units to its portfolio, systematic divestment of non-core assets will drive its performance. Exelon closed its $6.8 billion merger with Pepco Holdings Inc. after it received the final regulatory approval to form the largest power distributor in the U.S. The acquisition is expected to increase cash flow by $700 million to $850 million in the 2017-2019 time period.

Estimate Trend & Surprise History

Investors should note that the fourth quarter Zacks Consensus Estimate for earnings of 45 cents per share increased 4.6% over the last 90 days.

Coming to the earnings surprise, Exelon has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 9.88%.

Zacks Rank : Currently, Exelon has a Zacks Rank#2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

However the rank could change following its fourth quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Exelon Corporation Price and EPS Surprise

Exelon Corporation Price and EPS Surprise | Exelon Corporation Quote

Earnings : Exelon reported earnings of 44 cents per share, falling short of the Zacks Consensus Estimate of 45 cents.

Revenue : Exelon's total revenues came in at $8,052 million, 0.1% lower than the Zacks Consensus Estimate of $8,062 million.

Key Stats : Exelon's hedging program involves hedging of commodity risks for expected generation, typically on a ratable basis, over a three-year period. The proportion of expected generation hedged as of Dec 31, 2016, was 91-94% for 2017, 56-59% for 2018, and 28-31% for 2019.

Check back for our full write up on this EXC earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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