Exelon Third Quarter 2024 Earnings: Beats Expectations

Exelon (NASDAQ:EXC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$6.15b (up 2.9% from 3Q 2023).
• Net income: US$707.0m (up 1.0% from 3Q 2023).
• Profit margin: 12% (in line with 3Q 2023).
• EPS: US$0.70 (up from US$0.70 in 3Q 2023).

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

Exelon Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 2.2%.

Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electric Utilities industry in the US.

Performance of the American Electric Utilities industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Exelon (1 can't be ignored!) that you need to be mindful of.

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