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

ALLETE

09/11/2022 14:31

* ALLETE Inc  ALE.N  reported quarterly adjusted earnings of
59
cents​​ per share for the quarter ended in September. The mean
expectation of six analysts for the quarter was for earnings of
74 cents per share.
    * Revenue rose 12.4% to $388.30 million from a year ago;
analysts
expected $353.18 million. 
    * ALLETE Inc's reported EPS for the quarter was 59 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.2%
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 risen by 9.1% this quarter and
lost 17.7%
so far this year.
    * The company reported quarterly net income of $33.7
million.
    * Wall Street's median 12-month price target for ALLETE Inc
is
$56.00 
    * 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 from Refinitiv data November
9 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      1.06           1.18           Beat