Allete Inc Expected To Post Earnings Of $1.03 A Share: Earnings Preview

ALLETE

07/05/2024 16:26

* ALLETE Inc  ALE.N   ALE  is expected to show a fall in
quarterly
revenue when it reports  results on May 9 for the period ending
March 31 2024
    * The Duluth Minnesota-based  company is expected to report
a
10.6% decrease in revenue to $504.75 million from $564.9 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for ALLETE Inc is for
earnings of
$1.03 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ALLETE Inc
is
$59.00​, below​ its last closing price of $63.01. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.99        0.97       0.89      Missed  -8.1
 Sep. 30 2023  0.65        0.65       1.49      Beat    129.2
 Jun. 30 2023  0.80        0.80       0.90      Beat    12​
 Jan. 1 0001   1.20        1.18       1.02      Missed  -13.3
 ​​Dec.        1.07        1.15       0.88      Missed  -23.2
 31 2022                                                
 Sep. 30 2022  0.68        0.74       0.59      Missed  -20.3​
 Jun. 30 2022  0.62        0.63       0.77      Beat    22.5
 Mar. 31 2022  1.30        1.31       1.24      Missed  -5.5
 This summary was machine generated May 7 at 15:26 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)