5 out of 8 S&P500 utilities stocks deliver EPS wins this week: Earnings Scorecard

The Utilities sector was in the spotlight this week as investors evaluated earnings reports from major players including Duke Energy (DUK), NiSource (NI), and Constellation Energy (CEG).

Quarter-to-date, the utilities sector (NYSEARCA:XLU) is trading 9% higher, outperforming the SPY downturn of 0.4%.

In this week's earnings recap, 8 tickers reported results, out of which five companies reported an earnings beat, two reported a miss, while one was in-line. On the revenue side, two companies exceeded revenue estimates, while six companies trailed estimates.

Duke Energy (DUK) beat expectations for first-quarter adjusted earnings and revenues on the back of rising residential and commercial customer demand in its service territory.

Constellation Energy (CEG) beat expectations for first-quarter adjusted earnings and reaffirmed full-year adjusted profit guidance.

So far this quarter, 31 out of 444 companies that reported results are part of the Utilities sector.

At the industry level, 17 Electric Utilities, 10 Multi Utilities, one Gas Utilities, two Independent Power & Renewable Electricity Producers and one Water Utilities reported earnings this quarter.

Almost 68% of the S&P 500 Utilities sector companies that have reported results so far this quarter, have recorded an EPS beat, 19% of companies reported a miss, while 13% were in-line. In terms of revenue, 77% of the companies trailed estimates, while 23% of companies beat on the top line.