Allete Inc Reports Results For The Quarter Ended In December: Earnings Summary

ALLETE

16/02/2022 12:03

* ALLETE Inc  ALE.N  reported quarterly adjusted earnings of
$1.18​​ per share for the quarter ended in December. The mean
expectation of five analysts for the quarter was for earnings of
$1.06 per share.
    * Revenue rose 24.5% to $399.00 million from a year ago; 
analysts
expected $327.65 million. 
    * ALLETE Inc's reported EPS for the quarter was $1.18​.
    * The mean earnings estimate of analysts had risen by
about 5.6%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * ALLETE Inc shares had fallen by 8.2% this quarter.
    * The company reported quarterly net income of $61.9
million.
    * Wall Street's median 12-month price target for ALLETE Inc
is
$66.50 
    * 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." 

This summary was machine generated February 16 at 12:03 p.m.
 ​All figures in US dollars unless otherwise stated