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

ALLETE

16/02/2023 14:32

* ALLETE Inc  ALE.N  reported quarterly adjusted earnings of
88
cents​​ per share for the quarter ended in December. The mean
expectation of five analysts for the quarter was for earnings of
$1.15 per share.
    * Revenue rose 6.7% to $425.80 million from a year ago;
analysts
expected $404.81 million. 
    * ALLETE Inc's reported EPS for the quarter was 88 cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.7%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * ALLETE Inc shares had fallen by 9.1% this quarter.
    * The company reported quarterly net income of $51.7
million.
    * Wall Street's median 12-month price target for ALLETE Inc
is
$64.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
16 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.15           0.88           Missed
 Sep. 30 2022      0.74           0.59           Missed
 Jun. 30 2022      0.63           0.77           Beat
 Mar. 31 2022      1.31           1.24           Missed