Constellation Energy Corporation (CEG) earnings on August 6, 2026

CEG price around the earnings

261.10

Change: -1.2%

Start of the measured window End of the measured window

261.10 268.52 275.93 283.35 264.35

August 6, 2026

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

Price series around the event

Prior thesis

Prior outlook: No statistical edge

Thesis published: 2026-08-06, 09:56 UTC
Results released: 2026-08-06, 10:48 UTC

Strong analyst growth projections and high upside, supported by positive governance news, despite a recent price dip.

Context analyzed before publication

Trend: Score dropped from +62.7 to +19.7 over 5 days; trajectory turned negative despite strong analyst support.

Analysts

Evidence

Analyst consensus: Buy
Consensus average (1-5): 1.52
Analysts covering the stock: 21
Average price target: 351.91
Lowest price target: 296
Highest price target: 441
Upside to price target: 32.7%
Quarterly earnings growth: 1,247.5%
Revenue growth: 63.8%
Forward EPS: 13.33
Trailing EPS: 11.52
Analyst moves in the last 60 days: 7

Strong buy: 6
Buy: 14
Hold: 3
Sell: 0
Strong sell: 0

Strong buy: 6
Buy: 14
Hold: 3
Sell: 0
Strong sell: 0

July 28, 2026 · UBS: Maintains rating (Buy → Buy)
July 28, 2026 · Barclays: Maintains rating (Overweight → Overweight)
July 27, 2026 · TD Cowen: Maintains rating (Buy → Buy)
July 27, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
July 1, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
June 18, 2026 · Goldman Sachs: Initiates coverage (Buy → Neutral)
June 17, 2026 · Bernstein: Initiates coverage (Outperform)

News and sentiment

Evidence

Sentiment

Sentiment: Constructive
Mention volume: High
Normalized volume: 99%

News

Sources (5)

UBS Maintains Buy on Constellation Energy, Lowers Price Target to $380 (opens in a new tab) — Benzinga
Barclays Maintains Overweight on Constellation Energy, Lowers Price Target to $324 (opens in a new tab) — Benzinga
TD Cowen Maintains Buy on Constellation Energy, Lowers Price Target to $368 (opens in a new tab) — Benzinga
Wells Fargo Maintains Overweight on Constellation Energy, Lowers Price Target to $362 (opens in a new tab) — Benzinga
BlackRock CEO Larry Fink Warned of an AI Power Crunch—New York Just Halted Large Data Centers: CEG, VST, NEE in Focus (opens in a new tab) — Benzinga

Technicals

Evidence

Price when the context was analyzed: 264.35
Average true range (ATR): 3.6%
Distance to 52-week high: -34.1%
14-day change (14d): -3.9%
30-day change (30d): +7.5%
30-day relative strength: +8.3%
QQQ change (30d): -0.8%
Nearest support: 262.6
Distance to nearest support: 0.7%
Nearest resistance: 264.51
Distance to nearest resistance: 0.1%
Volume accumulation ratio (14d / 46d): 0.72

Major: 262.6 (0.7% away, 0.18 ATR, 39 touches)
Mid: 259.4 (1.9% away, 0.51 ATR, 15 touches)
Mid: 256.56 (3% away, 0.81 ATR, 19 touches)

Major: 264.51 (0.1% away, 0.02 ATR, 36 touches)
Major: 267.79 (1.3% away, 0.36 ATR, 55 touches)
Major: 271.12 (2.6% away, 0.7 ATR, 23 touches)

Trends

Evidence

Average earnings surprise: +2.3%

May 11, 2026: actual EPS 2.74 vs estimate 2.6 (surprise +5.3%)
February 24, 2026: actual EPS 2.3 vs estimate 2.25 (surprise +2.4%)
November 7, 2025: actual EPS 3.04 vs estimate 3.12 (surprise -2.6%)
August 7, 2025: actual EPS 1.91 vs estimate 1.83 (surprise +4.2%)

Expected move

Implied move: +7.5%
Source: Options chain

Reactions over its last 18 earnings

Median move: 5.3%
75th percentile move: 6.6%
90th percentile move: 10.9%
Up / down moves: 12 / 6
Average up move: +5.8%
Average down move: -4.7%

Monitoring and close

What Constellation Energy Corporation reported

Status: Finished

Actual EPS	2.55
EPS estimate	2.28
EPS surprise	+11.8%
Revenue	$7,504 million
Revenue estimate	$7,829 million
Revenue surprise	-4.2%

Constellation Energy beat Q2 estimates on Calpine strength and raised its 2026 outlook. The earnings presentation is now available.

Sources (13)

CEG Q2 Earnings Top Estimates on Calpine Contribution, View Raised (opens in a new tab) — Yahoo
Constellation Energy beats on earnings, raises guidance: AlphaSpace check (opens in a new tab) — Yahoo
Constellation Energy Says New Nuclear Power Purcahse Agreements Have Later Start Dates, Not Expected To Impact 2029 Earnings (opens in a new tab) — Benzinga
Constellation Energy Corporation (CEG) Q2 2026 Earnings Call Transcript (opens in a new tab) — SeekingAlpha
Nuclear Utility Constellation Leads Nasdaq 100 After Earnings (opens in a new tab) — Investor's Business Daily
Constellation Energy Rides Soaring Power Demand To Higher 2026 Outlook (opens in a new tab) — Benzinga
Constellation Energy Corporation 2026 Q2 - Results - Earnings Call Presentation (opens in a new tab) — SeekingAlpha
Constellation Energy Corporation (CEG) Q2 Earnings and Revenues Beat Estimates (opens in a new tab) — Zacks
Constellation Energy (NASDAQ:CEG) Beats Q2 Earnings, Raises Full-Year Guidance (opens in a new tab) — ChartMill
Constellation Energy beat earnings expectations with $2.55 per share, but its revenue fell short of estimates. — Benzinga
Constellation Energy Q2 Adj. EPS $2.55 Beats $2.28 Estimate, Sales $7.504B Miss $7.829B Estimate (opens in a new tab) — Benzinga
Constellation Energy Raises FY2026 Adj EPS Guidance from $11.00-$12.00 to $11.50-$12.50 vs $11.63 Est (opens in a new tab) — Benzinga
Constellation Reports Second Quarter 2026 Results (opens in a new tab) — Yahoo

Pre-market second reading after the results

Verdict: Beat expectations

Heading into the open, results beat expectations on earnings but not on revenue, and the price is indicating +6.0% pre-market, a move in line with the stock's usual reaction (about 5%). The figures don't confirm the prior scenario: there was no prior directional scenario to check against.

How the stock reacted

Consolidated: -1.1%
Max move: +7.3%

No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.