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

MGE Energy

03/08/2023 20:04

* MGE Energy Inc  MGEE.OQ  reported quarterly adjusted
earnings of
79 cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for earnings of
70 cents per share.
    * Revenue fell 2.9% to $148.00 million from a year ago;
analysts
expected $144.42 million. 
    * MGE Energy Inc's reported EPS for the quarter was 79
cents​.
    * The mean earnings estimate of analysts had risen by
about 3% 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 0.9% this quarter and
gained 13.4% so far this year.
    * Wall Street's median 12-month price target for MGE Energy
Inc is
$69.50 
    * 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 LSEG Refinitiv data
August 3 at 07:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.70           0.79           Beat
 Mar. 31 2023      1.07           0.86           Missed
 Dec. 31 2022      0.54           0.58           Beat
 Sep. 30 2022      1.01           0.93           Missed