Constellation Energy Corporatio (CEG) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $2.55
- Estimate
- $2.28
- Surprise
- +11.7%
- Revenue (period 2026-06-30)
- $5.84B
- Score at report (before → after)
- 6.5 → 5.9/10
Revenue source: xbrl.
How the report landed
Constellation Energy Corporatio (CEG) beat the $2.28 estimate with adjusted EPS of $2.55 — a large 11.7% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.5/10) to Sell at 5.9/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates CEG Hold at 5.8/10.
3 of the last 4 quarters beat the estimate; this quarter's +11.7% surprise compares with a +4.2% four-quarter average. Next scheduled report: 2026-11-09.
What supports the rating
- Sector modifier (Utilities): +1.0
- Strong earnings beat streak (3/4)
What argues against it
- Concentration risk — Commodity: nuclear generation (68.0%)
- Concentration risk — Geographic: PJM (70.0%)
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.0)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $263.88
- Price target
- $313.70
- Stop
- $245.41
- Upside to target
- +18.9%
- Reward-to-risk
- 2.4:1
The stock trades at 25.7× trailing but 19.9× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-24 — shown for context, not personalized investment advice.
CEG at TrendMatrix's latest read
Utility earnings are regulatory outcomes on a lag — allowed-return and rate-case posture frame any quarter's print.
- Industry
- Utilities - Independent Power Producers
- Market cap
- $93.35B
- P/E (fwd)
- 19.9
- P/E (ttm)
- 25.7
- 52-week range
- $228.63–$412.70
- Off 52-week high
- 36.1%
- RSI (14)
- 33
- Volume vs avg
- 1.03×
- Score today
- 5.8/10