Xcel Energy Inc. (XEL - Free Report) is scheduled to release third-quarter 2021 earnings on Oct 28, before market open. The company delivered a trailing four-quarter earnings surprise of 4.74%, on average.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors at Play
Xcel Energy’s quarterly results are likely to benefit from strong residential demand and improving demand from the industrial and commercial space.
It is expected to have gained from its efforts to lower operating and maintenance costs.
Projections
The Zacks Consensus Estimate for third-quarter 2021 sales is pegged at $3.29 billion, indicating 3.34% growth from the year-ago quarter’s reported figure. The consensus estimate for third-quarter earnings per share stands at $1.19, implying a 4.39% rise from the year-earlier quarter’s reported number.
What Our Quantitative Model Predicts
Our proven model doesn’t conclusively predict an earnings beat for Xcel Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: Xcel Energy has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Xcel Energy carries a Zacks Rank #3.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to beat on earnings this reporting cycle.
Avangrid, Inc. (AGR - Free Report) is set to release third-quarter 2021 results on Oct 26. It has an Earnings ESP of +2.82% and a Zacks Rank of 3, currently.
Edison International (EIX - Free Report) is set to release third-quarter 2021 results on Nov 2. It has an Earnings ESP of +1.46% and a Zacks Rank #2 at present.
Pinnacle West Capital Corporation (PNW - Free Report) is set to release third-quarter 2021 results on Nov 5. It has an Earnings ESP of +0.30% and a Zacks Rank of 3, currently.
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Xcel Energy Inc. (XEL - Free Report) is scheduled to release third-quarter 2021 earnings on Oct 28, before market open. The company delivered a trailing four-quarter earnings surprise of 4.74%, on average.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors at Play
Xcel Energy’s quarterly results are likely to benefit from strong residential demand and improving demand from the industrial and commercial space.
It is expected to have gained from its efforts to lower operating and maintenance costs.
Projections
The Zacks Consensus Estimate for third-quarter 2021 sales is pegged at $3.29 billion, indicating 3.34% growth from the year-ago quarter’s reported figure. The consensus estimate for third-quarter earnings per share stands at $1.19, implying a 4.39% rise from the year-earlier quarter’s reported number.
What Our Quantitative Model Predicts
Our proven model doesn’t conclusively predict an earnings beat for Xcel Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: Xcel Energy has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Xcel Energy carries a Zacks Rank #3.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to beat on earnings this reporting cycle.
Avangrid, Inc. (AGR - Free Report) is set to release third-quarter 2021 results on Oct 26. It has an Earnings ESP of +2.82% and a Zacks Rank of 3, currently.
Edison International (EIX - Free Report) is set to release third-quarter 2021 results on Nov 2. It has an Earnings ESP of +1.46% and a Zacks Rank #2 at present.
Pinnacle West Capital Corporation (PNW - Free Report) is set to release third-quarter 2021 results on Nov 5. It has an Earnings ESP of +0.30% and a Zacks Rank of 3, currently.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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