Exelon Corp

EXC: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$75.00	Dfhsmm	Xpjnjjgp

Exelon Earnings: Guidance Maintained Amid Mild Weather Headwind

Andrew Bischof

May 2, 2024

We are maintaining our $39 fair value estimate for Exelon after the company reported first-quarter earnings per share of $0.68, down from $0.70 in the same year-ago period. Management reaffirmed EPS guidance of $2.40 to $2.50, in line with our estimate. Management's 5% to 7% annual earnings growth target remains unchanged.

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