MGE Energy Inc expected to post earnings of 62 cents a share - Earnings Preview

MGE Energy

02/08/2021 12:41

* MGE Energy Inc  MGEE.OQ   MGEE.O  is expected to show a fall
in quarterly revenue when it reports results on August 4
(estimated). 
* The Madison, Wisconsin-based company is expected to report   a
4.8% decrease in revenue to $111.43 million from $117.04 million
a year ago, according to the estimate from one analyst, based on
Refinitiv data. 
​* Refinitiv's mean analyst estimate for MGE Energy Inc is for
earnings of 62 cents per share. For the same quarter last year,
the company reported earnings of 53 cents per share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months. ​
* Wall Street's median 12-month price target for MGE Energy Inc
is $67.5​, about 15.7% below​ its last closing price
of $78.12. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.81        0.81       0.97      Beat    19.8
 Dec. 31 2020  0.50        0.51       0.44      Missed  -12.9
 Sep. 30 2020  0.88        0.89       0.88      Missed  -0.6​
 Jun. 30 2020  0.48        0.48       0.53      Beat    10.4
 ​​            ​                                        ​
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 This summary was machine generated August 2 at 11:41 GMT.  All
figures in US dollars unless otherwise stated