Allete Inc Expected To Post Earnings Of 91 Cents A Share: Earnings Preview

ALLETE

28/10/2024 13:06

* ALLETE Inc  ALE.N   ALE  is expected to show a rise in
quarterly
revenue when it reports  results on October 30 for the period
ending September 30 2024
    * The Duluth Minnesota-based  company is expected to report
a
3.2% increase in revenue to $391 million from $378.8 million a
year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for ALLETE Inc is for
earnings of
91 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"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
$67.00​, above​ its last closing price of $64.30. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.89        0.88       0.57      Missed  -35.2
 Mar. 31 2024  1.01        1.03       0.88      Missed  -14.1
 Jan. 1 0001   0.99        0.97       0.89      Missed  -8.1​
 Sep. 30 2023  0.65        0.65       1.49      Beat    129.2
 ​​Jun.        0.80        0.80       0.90      Beat    12
 30 2023                                                
 Mar. 31 2023  1.20        1.18       1.02      Missed  -13.3​
 Jan. 1 0001   1.07        1.15       0.88      Missed  -23.2
 Sep. 30 2022  0.68        0.74       0.59      Missed  -20.3
 This summary was machine generated October 28 at 13:06 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)