Allete Inc Expected To Post Earnings Of $1.18 A Share: Earnings Preview

ALLETE

01/05/2023 19:15

* ALLETE Inc  ALE.N   ALE  is expected to show a rise in
quarterly
revenue when it reports  results on May 3. 
    * The Duluth Minnesota-based  company is expected to report 
a
2.9% increase in revenue to $394.75 million from $383.5 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for ALLETE Inc is for
earnings of $1.18 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 5.0%
in the last three months. ​
    * Wall Street's median 12-month price target for ALLETE Inc
is
$65​, above​ its last closing price of $62.38. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  1.07        1.15       0.88      Missed  -23.2
 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
 ​​Dec.        1.10        1.06       1.18      Beat    10.9
 31 2021                                                
 Sep. 30 2021  0.73        0.71       0.53      Missed  -24.9​
 Jun. 30 2021  0.52        0.51       0.53      Beat    3.1
 Mar. 31 2021  1.09        1.09       0.99      Missed  -8.8
 This summary was machine generated May 1 at 18:15 GMT.  All
figures in US dollars  unless otherwise stated