Wunderlich Says Constellation Energy Will Report 1Q Earnings On May 6

According to Wunderlich, Constellation Energy Group

is scheduled to report first quarter earnings on Friday, May 6. Wunderlich reported that it expects the company to report lower earnings for the quarter, reflecting the absence of a contract gain (from 1Q10), lower generation earnings, and a negative impact from the extremely cold weather in February in Texas in NewEnergy. “Though our annual estimates are unchanged, we shifted earnings from the first quarter to the second half of the year. We continue to have a Buy rating on CEG shares, with a $36 price target.” Constellation Energy Group closed yesterday at $32.88.