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Xcel Energy (XEL) Tops on Q3 Earnings, Ups EPS Growth Rate
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Minneapolis, MN-based Xcel Energy Inc. (XEL - Free Report) has made a mark of its own in the electric utility space through its widespread operations and a solid customer base. The company currently operates primarily through its regulated utilities which lend a long-term growth potential.
Xcel’s operating utilities are engaged in the generation, purchase, transmission, distribution and sale of electricity in the U.S. The utilities generate electricity using coal, nuclear, hydro, wind and solar energy. Except SPS, the company’s remaining utilities also purchase, transport, distribute and sell natural gas to retail customers, as well as transport customer-owned natural gas.
Estimate Trend & Surprise History
Investors should note that the Zacks Consensus Estimate for the third quarter of 92 cents per share has decreased by 2.1% in the last 60 days.
Coming to the earnings surprise, Xcel Energy has surpassed the Zacks Consensus Estimate in three of the trailing four quarters. This led to an average positive surprise of 1.09%.
Earnings: Xcel Energy reported third-quarter 2017 operational earnings of 97 cents per share, beating the Zacks Consensus Estimate of 92 cents by 5.4%.
Revenue: The Company lagged the revenue estimates in the reported quarter. Xcel Energy posted revenues of $3,016.9 million in the quarter, compared with the Zacks Consensus Estimate of $3,191 million.
Stock Price: It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Key Stats: The company raised its long-term earnings growth range to 5% -6% from the previous expectation of 4% -6%.
Check back later for our full write up on this Xcel Energy earnings report!
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Xcel Energy (XEL) Tops on Q3 Earnings, Ups EPS Growth Rate
Minneapolis, MN-based Xcel Energy Inc. (XEL - Free Report) has made a mark of its own in the electric utility space through its widespread operations and a solid customer base. The company currently operates primarily through its regulated utilities which lend a long-term growth potential.
Xcel’s operating utilities are engaged in the generation, purchase, transmission, distribution and sale of electricity in the U.S. The utilities generate electricity using coal, nuclear, hydro, wind and solar energy. Except SPS, the company’s remaining utilities also purchase, transport, distribute and sell natural gas to retail customers, as well as transport customer-owned natural gas.
Estimate Trend & Surprise History
Investors should note that the Zacks Consensus Estimate for the third quarter of 92 cents per share has decreased by 2.1% in the last 60 days.
Coming to the earnings surprise, Xcel Energy has surpassed the Zacks Consensus Estimate in three of the trailing four quarters. This led to an average positive surprise of 1.09%.
Zacks Rank: The company currently has a Zacks Rank #3 (Hold) but going further things could definitely change given the company’s recently released third quarter earnings results. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Going below we have mentioned some of the vital information from this just-revealed announcement:
Xcel Energy Inc. Price and EPS Surprise
Xcel Energy Inc. Price and EPS Surprise | Xcel Energy Inc. Quote
Earnings: Xcel Energy reported third-quarter 2017 operational earnings of 97 cents per share, beating the Zacks Consensus Estimate of 92 cents by 5.4%.
Revenue: The Company lagged the revenue estimates in the reported quarter. Xcel Energy posted revenues of $3,016.9 million in the quarter, compared with the Zacks Consensus Estimate of $3,191 million.
Stock Price: It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Key Stats: The company raised its long-term earnings growth range to 5% -6% from the previous expectation of 4% -6%.
Check back later for our full write up on this Xcel Energy earnings report!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>