Constellation Energy Group Goes Negative
Constellation Energy Group (NYS: CEG) reported earnings on Feb. 17. Here are the numbers you need to know.
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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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.