Exelon Corporation EXC is expected to release second-quarter 2022 earnings on Aug 3. The utility delivered an average negative earnings surprise of 7.73% for the last four reported quarters.Let’s see how things have shaped up before the upcoming earnings announcement.Factors to NoteExelon’s second-quarter earnings are likely to have gained from cost management, strong demand from commercial and industrial customers, and decoupled distribution rates, which reduce volumetric risk.Exelon’s second-quarter earnings are likely to have benefitted from new rates effective in service territories of its unit, Commonwealth Edison, PECO Energy Company and Atlantic City Electric.ExpectationsThe Zacks Consensus Estimate for second-quarter revenues and earnings per share is pegged at $4.12 billion and 46 cents, respectively. The bottom-line projection indicates a decline of 48.3% from the year-ago quarter’s reported figure and the top-line estimate suggests a 47.9% year-over-year decline.What Our Quantitative Model PredictsOur proven model does not conclusively predict an earnings beat for Exelon this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as you will see below. You can see the complete list of today's Zacks #1 Rank stocks here.Exelon Corporation Price and EPS Surprise Exelon Corporation price-eps-surprise | Exelon Corporation QuoteEarnings ESP: Exelon’s Earnings ESP is 0.00%.You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: Currently, Exelon carries a Zacks Rank #3.Stocks to ConsiderInvestors can consider players from the same industry that have the right combination of elements to post an earnings beat in the to-be-reported quarter.WEC Energy Group WEC is likely to come up with an earnings beat when it reports second-quarter results on Aug 2. WEC has an Earnings ESP of +0.08% and a Zacks Rank of #2 at present.WEC Energy’s long-term (three to five years) earnings growth is currently pegged at 6.08%. The Zacks Consensus Estimate for WEC’s 2022 and 2023 EPS indicates 6.3% and 5.4% year-over-year growth, respectively.Entergy Corporation ETR is likely to come up with an earnings beat when it reports second-quarter results on Aug 3. ETR has an Earnings ESP of +0.35% and a Zacks Rank of #3 at present.Entergy’s long-term earnings growth is currently pegged at 6.7%. The Zacks Consensus Estimate for ETR’s 2022 and 2023 EPS indicates 5.6% and 5.9% year-over-year growth, respectively.Consolidated Edison ED is likely to come up with an earnings beat when it reports second-quarter results on Aug 4. ED has an Earnings ESP of +1.15% and a Zacks Rank of #3 at present.Consolidated Edison’s long-term earnings growth is currently pegged at 2%. The Zacks Consensus Estimate for ED’s 2022 and 2023 EPS indicates 2.3% and 7.7% year-over-year growth, respectively.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exelon Corporation (EXC): Free Stock Analysis Report Entergy Corporation (ETR): Free Stock Analysis Report Consolidated Edison Inc (ED): Free Stock Analysis Report WEC Energy Group, Inc. (WEC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research