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

ALLETE

03/05/2023 14:33

* ALLETE Inc  ALE.N  reported quarterly adjusted earnings of
$1.02​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
$1.18 per share.
    * Revenue rose 47.3% to $564.90 million from a year ago;
analysts
expected $394.75 million. 
    * ALLETE Inc's reported EPS for the quarter was $1.02​.
    * The mean earnings estimate of analysts had fallen by
about 2.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * ALLETE Inc shares had fallen by 3.3% this quarter and
lost 3.5%
so far this year.
    * The company reported quarterly net income of $58.2
million.
    * Wall Street's median 12-month price target for ALLETE Inc
is
$65.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.18           1.02           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