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

MGE Energy

02/11/2023 18:06

* MGE Energy Inc  MGEE.OQ  reported quarterly adjusted
earnings of
$1.05​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 93 cents.  The mean expectation of two analysts for the
quarter was for earnings of $1.04 per share. Wall Street
expected results to range from 99 cents to $1.08 per share.
    * Revenue fell 1.8% to $160.53 million from a year ago;
analysts
expected $155.69 million. 
    * MGE Energy Inc's reported EPS for the quarter was $1.05​.
    * MGE Energy Inc shares had risen by 5.6% this quarter and
gained 2.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the electric
utilities
peer group is also "sell"

Wall Street's median 12-month price target for MGE Energy Inc is
$66.50 
This summary was machine generated from LSEG data November 2 at
06:06 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.04           1.05           Beat
 Jun. 30 2023      0.70           0.79           Beat
 Mar. 31 2023      1.07           0.86           Missed
 Dec. 31 2022      0.54           0.58           Beat