Exelon Whiffs on Revenues

Exelon (NYSE: EXC  ) reported earnings on Feb. 7. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Exelon whiffed on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share shrank significantly.

Margins shrank across the board.

Revenue details
Exelon reported revenue of $6.44 billion. The four analysts polled by S&P Capital IQ expected revenue of $8.26 billion on the same basis. GAAP reported sales were 57% higher than the prior-year quarter's $3.99 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.64. The 17 earnings estimates compiled by S&P Capital IQ anticipated $0.64 per share. GAAP EPS of $0.44 for Q4 were 52% lower than the prior-year quarter's $0.91 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 24.1%, 1,680 basis points worse than the prior-year quarter. Operating margin was 11.6%, 1,600 basis points worse than the prior-year quarter. Net margin was 6.0%, 920 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $7.34 billion. On the bottom line, the average EPS estimate is $0.75.

Next year's average estimate for revenue is $26.33 billion. The average EPS estimate is $2.53.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,898 members out of 1,956 rating the stock outperform, and 58 members rating it underperform. Among 471 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 456 give Exelon a green thumbs-up, and 15 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Exelon is hold, with an average price target of $35.13.

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