Xcel Energy Inc reports results for the quarter ended in September 30 - Earnings Summary

Xcel Energy

01/11/2024 03:10

* Xcel Energy Inc  XEL.OQ  reported quarterly adjusted
earnings of
$1.25​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $1.23.  The mean expectation of fourteen analysts for the
quarter was for earnings of $1.26 per share. Wall Street
expected results to range from $1.19  to $1.33 per share.
    * Revenue fell 0.5% to $3.64 billion from a year ago;
analysts
expected $3.93 billion. 
    * Xcel Energy Inc's reported EPS for the quarter was $1.21​.
    * The company reported quarterly net income of $682 million.
    * Xcel Energy Inc shares had fallen by 3.4% this quarter and
gained 1.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.4%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "buy"

Wall Street's median 12-month price target for Xcel Energy Inc
is 70.00 
This summary was machine generated from LSEG data November 1 at
03:09 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.26           1.25           Missed
 Jun. 30 2024      0.57           0.54           Missed
 Mar. 31 2024      0.78           0.88           Beat
 Dec. 31 2023      0.85           0.87           Beat