Allete Inc Expected To Post Earnings Of 74cents A Share: Earnings Preview

ALLETE

07/11/2022 16:32

* ALLETE Inc  ALE.N   ALE  is expected to show a rise in
quarterly
revenue when it reports  results on November 9. 
    * The Duluth Minnesota-based  company is expected to report 
a
2.3% increase in revenue to $353.18 million from $345.4 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for ALLETE Inc is for
earnings of 74 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
$56​, above​ its last closing price of $55.28. ​​​

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 2022  0.62        0.63       0.77      Beat    22.5
 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
 ​​Jun.        0.52        0.51       0.53      Beat    3.1
 30 2021                                                
 Mar. 31 2021  1.09        1.09       0.99      Missed  -8.8​
 Dec. 31 2020  0.75        0.75       0.90      Beat    20.4
 Sep. 30 2020  0.64        0.64       0.78      Beat    21.5
 This summary was machine generated November 7 at 16:32 GMT.  All
figures in US dollars  unless otherwise stated