How did CEG's Q2 2024 earnings miss forecasts?

Constellation Energy's (CEG) Q2 2024 earnings did not miss forecasts; in fact, the company's performance exceeded expectations. Here are the key points to consider: 1. **Earnings Performance**: Constellation Energy reported an adjusted earnings per share (EPS) of $2.44 for Q4 2024, which surpassed the analyst consensus of $2.19. This indicates a robust profitability period for the company. 2. **Revenue Outperformance**: The company's revenue for the quarter was $5.38 billion, surpassing estimates of $4.75 billion. This demonstrates a strong revenue growth and operational efficiency. 3. **Dividend Announcement**: Constellation Energy announced a quarterly dividend of $0.3525 per share, scheduled to be paid on December 6, 2024. This dividend payment reflects the company's commitment to returning value to shareholders and its stable financial position. 4. **Stock Performance**: Despite the earnings beat, Constellation Energy's stock experienced a decline. Factors such as market conditions, regulatory decisions, and broader market trends might have influenced the stock's performance. In conclusion, Constellation Energy's Q2 2024 earnings did not miss forecasts, and the company's financial performance during the period was impressive, with earnings and revenue exceeding expectations.