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

ALLETE

08/08/2023 19:28

* ALLETE Inc  ALE.N  reported quarterly adjusted earnings of
90
cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
80 cents per share.
    * Revenue rose 43% to $533.40 million from a year ago;
analysts
expected $446.57 million. 
    * ALLETE Inc's reported EPS for the quarter was 90 cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * ALLETE Inc shares had fallen by 3.6% this quarter and
lost 13.4%
so far this year.
    * The company reported quarterly net income of $51.5
million.
    * Wall Street's median 12-month price target for ALLETE Inc
is
$60.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 06:28 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.80           0.90           Beat
 Mar. 31 2023      1.18           1.02           Missed
 Dec. 31 2022      1.15           0.88           Missed
 Sep. 30 2022      0.74           0.59           Missed