Constellation Energy sees base EPS growth 20%+ from 2026-2029

Constellation Energy Corp (NASDAQ: CEG) is projected to experience significant earnings per share (EPS) growth from 2026 to 2029, with estimates suggesting an increase of over 20% annually. Analysts forecast that the company's EPS will rise from $7.40 in 2025 to an average of $11.63 in 2026, $13.64 in 2027, and $16.72 in 2028, representing a cumulative growth rate of approximately 125.95% over the three-year period. This growth is attributed to factors such as rising commodity prices, favorable regulatory developments, and the company's strategic focus on decarbonization.

The company's strong earnings trajectory is supported by a favorable analyst consensus. As of March 26, 2026, 15 analysts have assigned a "Buy" rating to CEG, with 27% recommending a "Strong Buy" and 53% a "Buy". Similarly, 11 analysts on WallStreetZen have assigned a "Strong Buy" rating, with an average price target of $394.18, representing a 23.54% upside from the current stock price of $319.06. These forecasts reflect confidence in the company's ability to navigate industry challenges and capitalize on growth opportunities.

However, some analysts have raised concerns about potential headwinds, including uncertainties related to VR/AR initiatives, regulatory risks, and slower-than-expected progress in decarbonization efforts. Despite these challenges, the overall sentiment remains positive, with many analysts emphasizing the company's strong fundamentals and long-term growth potential.