Xcel Energy (XEL - Free Report) reported $3.44 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 15.1%. EPS of $0.83 for the same period compares to $0.69 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.97 billion, representing a surprise of -13.34%. The company delivered an EPS surprise of -2.35%, with the consensus EPS estimate being $0.85.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Xcel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating revenues- Electric and natural gas: $3.41 billion compared to the $4.12 billion average estimate based on three analysts. The reported number represents a change of -15.2% year over year.
- Operating revenues- Other: $28 million versus $28.49 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Operating revenues- Electric: $2.70 billion versus $3.17 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -6% change.
- Operating revenues- Natural Gas: $719 million versus $992.12 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -37.9% change.
View all Key Company Metrics for Xcel here>>>Shares of Xcel have returned -5.4% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Xcel Energy (XEL - Free Report) reported $3.44 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 15.1%. EPS of $0.83 for the same period compares to $0.69 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.97 billion, representing a surprise of -13.34%. The company delivered an EPS surprise of -2.35%, with the consensus EPS estimate being $0.85.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Xcel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating revenues- Electric and natural gas: $3.41 billion compared to the $4.12 billion average estimate based on three analysts. The reported number represents a change of -15.2% year over year.
- Operating revenues- Other: $28 million versus $28.49 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Operating revenues- Electric: $2.70 billion versus $3.17 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -6% change.
- Operating revenues- Natural Gas: $719 million versus $992.12 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -37.9% change.
View all Key Company Metrics for Xcel here>>>Shares of Xcel have returned -5.4% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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