Baltimore, Maryland-based Constellation Energy Corporation (CEG) generates and sells electricity in the United States. With a market cap of $85.5 billion, it operates as the largest producer of carbon-free energy across the continental U.S. The company is expected to release its Q3 earnings before the market opens on Monday, Nov. 4.
Ahead of the event, analysts expect Constellation Energy to report a profit of $2.50 per share, up 10.6% from $2.26 per share reported in the year-ago quarter. The company has surpassed Wall Street’s adjusted EPS projections in three of the past four quarters while missing on another occasion. Its adjusted EPS for the last reported quarter declined 34.3% year-over-year to $1.68 but exceeded the consensus estimates by 17.5%.
