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

MGE Energy

04/05/2023 17:10

* MGE Energy Inc  MGEE.OQ  reported quarterly adjusted
earnings of
86 cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for earnings of
$1.07 per share.
    * Revenue rose 4% to $217.25 million from a year ago;
analysts
expected $195.35 million. 
    * MGE Energy Inc's reported EPS for the quarter was 86
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * MGE Energy Inc shares had fallen by 0.5% this quarter and
gained 9.7% so far this year.
    * Wall Street's median 12-month price target for MGE Energy
Inc is
$72.00 
    * 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 May
4 at 04:10 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.07           0.86           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