Allete Inc Expected To Post Earnings Of $1.31 A Share: Earnings Preview

ALLETE

03/05/2022 19:34

* ALLETE Inc  ALE.N   ALE  is expected to show a rise in
quarterly
revenue when it reports  results on May 5. 
    * The Duluth Minnesota-based  company is expected to report 
a
4.1% increase in revenue to $353.25 million from $339.2 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 $1.31 per share. For the same quarter last year, the
company reported earnings of 99 cents 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 1 "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
$65​, above​ its last closing price of $58.89. ​​​
    * 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 2021  1.10        1.06       1.18      Beat    10.9
 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
 ​​Dec.        0.75        0.75       0.90      Beat    20.4
 31 2020                                                
 Sep. 30 2020  0.64        0.64       0.78      Beat    21.5​
 Jun. 30 2020  0.66        0.67       0.39      Missed  -41.6
 Mar. 31 2020  1.16        1.15       1.28      Beat    11.8
 This summary was machine generated May 3 at 18:33 GMT.  All
figures in US dollars  unless otherwise stated