Constellation Energy Corporation (CEG) earnings on May 11, 2026
More Constellation Energy Corporation earnings
Prior outlook: Pessimistic Outcome: Accurate
The stock initially jumped after earnings but fell back to end the day lower. The market seemed to favor selling the stock.
CEG price around the earnings
299.60
Change: -1.3%
2026-05-12, 00:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
Analysts see an optimistic scenario, but risk is elevated.
Analysts see potential for an optimistic scenario for the stock price, but its past earnings have been inconsistent. The recent price increase has also made it more expensive relative to its expected price swings.
Context analyzed before publication
- Summary
- The scenario is optimistic, but earnings risk is high.
- Reasoning
- The scenario is optimistic, but the company has a history of missing earnings expectations. Recent price gains have occurred alongside high expected volatility.
- Playbook
- The historical beat rate is weak, which creates uncertainty around the earnings picture. The high expected volatility is a key factor in the current scenario.
- Trend
- Recent price run-up into earnings event.
Analysts
Drivers
-
Analysts
Positive
Most analysts maintain a Buy rating, with a price target suggesting over 21% upside.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.76
- Analysts covering the stock
- 20
- Average price target
- 367.68
- Lowest price target
- 272.4
- Highest price target
- 441
- Upside to price target
- 21.1%
- Quarterly earnings growth
- -49.3%
- Revenue growth
- 12.9%
- Forward EPS
- 13.59
- Trailing EPS
- 7.41
- Analyst moves in the last 60 days
- 10
- Strong buy: 6
- Buy: 11
- Hold: 3
- Sell: 1
- Strong sell: 0
- Strong buy
- 6
- Buy
- 11
- Hold
- 3
- Sell
- 1
- Strong sell
- 0
- May 4, 2026 · TD Cowen: Maintains rating (Buy → Buy)
- April 29, 2026 · Scotiabank: Maintains rating (Sector Outperform → Sector Outperform)
- April 28, 2026 · Barclays: Maintains rating (Overweight → Overweight)
- April 21, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
- April 6, 2026 · Barclays: Maintains rating (Overweight → Overweight)
- April 2, 2026 · BMO Capital: Maintains rating (Outperform → Outperform)
- April 1, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- April 1, 2026 · Keybanc: Maintains rating (Overweight → Overweight)
- April 1, 2026 · Mizuho: Maintains rating (Neutral → Neutral)
- March 30, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
News and sentiment
Drivers
-
News & sentiment
Neutral
News is mixed, with some insider selling but also general positive mentions related to AI.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (5)
- Recent Filing Shows That Sen. Shelley M Capito Sold Over $3K Worth of Constellation Energy Stock — Benzinga
- TD Cowen Maintains Buy on Constellation Energy, Lowers Price Target to $381 — Benzinga
- Scotiabank Maintains Sector Outperform on Constellation Energy, Lowers Price Target to $441 — Benzinga
- Barclays Maintains Overweight on Constellation Energy, Lowers Price Target to $358 — Benzinga
- Morgan Stanley Maintains Overweight on Constellation Energy, Lowers Price Target to $360 — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock has underperformed the broader market recently. Expected volatility is currently high.
Evidence
- Average true range (ATR)
- 4.3%
- Distance to 52-week high
- -26.4%
- 14-day change (14d)
- +9.3%
- 30-day change
- +0.6%
- 30-day relative strength
- -13.7%
- Benchmark change
- +14.3%
- Nearest support
- 265.5
- Nearest resistance
- 328.53
- Volume accumulation ratio
- 0.93
Trends
Evidence
- Average earnings surprise
- -31.0%
- February 24, 2026: actual EPS 1.38 vs estimate 2.43 (surprise -43.1%)
- November 7, 2025: actual EPS 2.97 vs estimate 3.05 (surprise -2.7%)
- August 7, 2025: actual EPS 1.91 vs estimate 1.83 (surprise +4.2%)
- May 6, 2025: actual EPS 0.38 vs estimate 2.15 (surprise -82.4%)
Expected move
Drivers
-
Past earnings
Negative
The company has frequently missed earnings estimates in the past, often by a large margin.
There is no implied-move data available for this event.
Reactions over its last 17 earnings
- Median move
- 5.8%
- 75th percentile move
- 6.6%
- 90th percentile move
- 11.2%
- Up / down moves
- 12 / 5
- Average up move
- +5.8%
- Average down move
- -5.3%
Monitoring and close
What Constellation Energy Corporation reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -1.3%
- Max favorable move (MFE)
- 4.9%
- Max adverse move (MAE)
- 6.4%