Allete Inc Expected To Post Earnings Of 65 Cents A Share: Earnings Preview

ALLETE

31/10/2023 18:54

* ALLETE Inc  ALE.N   ALE  is expected to show a rise in
quarterly
revenue when it reports  results on November 2. 
    * The Duluth Minnesota-based  company is expected to report 
a
2.3% increase in revenue to $397.25 million from $388.3 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 65 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 2 "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
$60​, above​ its last closing price of $53.07. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.80        0.80       0.90      Beat    12
 Mar. 31 2023  1.20        1.18       1.02      Missed  -13.3
 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.        0.62        0.63       0.77      Beat    22.5
 30 2022                                                
 Mar. 31 2022  1.30        1.31       1.24      Missed  -5.5​
 Dec. 31 2021  1.10        1.06       1.18      Beat    10.9
 Sep. 30 2021  0.73        0.71       0.53      Missed  -24.9
 This summary was machine generated October 31 at 18:54 GMT.  All
figures in US dollars  unless otherwise stated