Constellation Energy Full Year 2024 Earnings: Beats Expectations

Constellation Energy (NASDAQ:CEG) Full Year 2024 Results

Key Financial Results

• Revenue: US$23.6b (down 5.4% from FY 2023).
• Net income: US$3.75b (up 131% from FY 2023).
• Profit margin: 16% (up from 6.5% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$11.90 (up from US$5.03 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Constellation Energy Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 13%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.9% growth forecast for the Electric Utilities industry in the US.

Performance of the American Electric Utilities industry.

The company's shares are up 3.8% from a week ago.

Valuation

If you are concerned about investing in overvalued stocks, our analysis of 6 valuation measures indicates Constellation Energy could be one stock to be wary of. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.