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Xcel Energy (XEL) Tops Q2 Earnings & Revenues Estimates
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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 second-quarter of 47 cents per share has increased by 2.2% in the last 90 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 4.88%.
Zacks Rank: The company currently has a Zacks Rank #3 (Hold) but going further things could definitely change given the company’s recently released second-quarter earnings results.
Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: Xcel Energy reported second-quarter 2018 operational earnings of 52 cents per share, beating the Zacks Consensus Estimate of 47 cents by 10.6%.
Revenue: The Company surpassed the revenue estimates in the reported quarter. Xcel Energy posted revenues of $2,658 million in the quarter, surpassing the Zacks Consensus Estimate of $2,655 million by a close margin.
Stock Price: It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Check back later for our full write up on this Xcel Energy earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Xcel Energy (XEL) Tops Q2 Earnings & Revenues Estimates
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 second-quarter of 47 cents per share has increased by 2.2% in the last 90 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 4.88%.
Xcel Energy Inc. Price and EPS Surprise
Xcel Energy Inc. Price and EPS Surprise | Xcel Energy Inc. Quote
Zacks Rank: The company currently has a Zacks Rank #3 (Hold) but going further things could definitely change given the company’s recently released second-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:
Earnings: Xcel Energy reported second-quarter 2018 operational earnings of 52 cents per share, beating the Zacks Consensus Estimate of 47 cents by 10.6%.
Revenue: The Company surpassed the revenue estimates in the reported quarter. Xcel Energy posted revenues of $2,658 million in the quarter, surpassing the Zacks Consensus Estimate of $2,655 million by a close margin.
Stock Price: It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Check back later for our full write up on this Xcel Energy earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>