How did CEG's Q3 2024 earnings surprise analysts?

Constellation Energy's (CEG) Q3 2024 earnings report exceeded analysts' expectations in terms of EPS, but fell short on revenue. 1. **Earnings Per Share (EPS) Surprise**: - CEG's EPS for Q3 2024 was $0.43, which surpassed analysts' expectations. - This marked a positive surprise, as analysts had anticipated an EPS of $2.50 for the quarter, with a year-over-year increase of 10.6%. 2. **Revenue Surprise**: - The company's total revenue for the quarter was $5.38 billion, which missed analysts' estimates. - Analysts had anticipated revenue of $5.55 billion for the quarter. - This represented a decline in revenue compared to the same period the previous year. 3. **Overall Performance and Analyst Expectations**: - Despite the revenue shortfall, CEG's stock has outperformed the market, with a significant year-to-date increase of 72.2%. - The company's diversified energy portfolio, including nuclear, natural gas, and renewable sources, positions it well to meet growing demand for clean energy solutions. - Analysts maintain a positive outlook on CEG, with a "Moderate Buy" consensus rating, indicating confidence in the company's continued performance and growth potential. In conclusion, while CEG's Q3 2024 earnings report reflected some areas of strength, such as exceeding EPS expectations, it also highlighted the need for improved revenue generation and management to meet market anticipations fully.