Allete Inc Expected To Post Earnings Of 97 Cents A Share: Earnings Preview

ALLETE

16/02/2024 13:48

* ALLETE Inc  ALE.N   ALE  is expected to show a fall in
quarterly
revenue when it reports  results on February 20 for the period
ending December 31 2023
    * The Duluth Minnesota-based  company is expected to report
a
0.1% decrease in revenue to $425.3 million from $425.8 million a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for ALLETE Inc is for
earnings of
97 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"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
$58.00​, below​ its last closing price of $58.71. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.65        0.65       1.49      Beat    129.2
 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.        0.68        0.74       0.59      Missed  -20.3
 30 2022                                                
 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
 This summary was machine generated February 16 at 13:48 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)