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ALLETE, Inc. (ALE - Free Report) delivered third-quarter 2019 adjusted earnings of 60 cents, which lagged the Zacks Consensus Estimate of 67 cents by 10.4%. The bottom line improved 7.1% from prior-year quarter’s level.
Revenues
Total revenues in the quarter under review amounted to $288.3 million, which missed the Zacks Consensus Estimate of $331 million by 12.9%. The top line also declined 17.1% from $348 million recorded in the prior-year quarter.
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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