MGE Energy Inc reports results for the quarter ended in December - Earnings Summary

MGE Energy

22/02/2023 18:36

* MGE Energy Inc  MGEE.OQ  reported quarterly adjusted
earnings of
58 cents​​ per share for the quarter ended in December. The mean
expectation of two analysts for the quarter was for earnings of
54 cents per share.
    * Revenue rose 17.1% to $189.83 million from a year ago;
analysts
expected $164.81 million. 
    * MGE Energy Inc's reported EPS for the quarter was 58
cents​.
    * The mean earnings estimate of analysts had risen by
about 4.9%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * MGE Energy Inc shares had risen by 0.8% this quarter.
    * The company reported quarterly net income of $21.05
million.
    * Wall Street's median 12-month price target for MGE Energy
Inc is
$70.50 
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," no
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
22 at 06:35 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.54           0.58           Beat
 Sep. 30 2022      1.01           0.93           Missed
 Jun. 30 2022      0.63           0.60           Missed
 Mar. 31 2022      0.97           0.95           Missed