Xcel Energy Inc. (XEL - Free Report) is scheduled to release fourth-quarter 2019 earnings on Jan 30 2020, before market open. The company has trailing four-quarter negative earnings surprise of 4.26%, on average.
Factors to Consider
In third-quarter earnings call, the company stated that it expects a drop in operating costs in nuclear operation and lower fossil plant outage in the second half of 2019. Considering this, benefits from lower O&M expenses are likely to get reflected in the company’s fourth-quarter results and margins.
We believe that weather-normalized natural gas sales are likely to increase owing to customer growth and make a positive impact on the company’s fourth-quarter earnings.
Q4 Expectations
The Zacks Consensus Estimate for fourth-quarter 2019 sales is pegged at $3.18 billion, which indicates a rise of 10.34% from the year-ago quarter’s figure. The Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at 53 cents per share, which calls for year-over-year growth of 26.19%.
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. That is not the case here as you will see below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: The company’s Earnings ESP is -2.35%. 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 post an earnings beat in the to-be-reported quarter.
American Electric Power Company (AEP - Free Report) is slated to release fourth-quarter 2019 results on Feb 20. It has an Earnings ESP of +2.13% and a Zacks Rank #3.
Ameren Corporation (AEE - Free Report) is set to release fourth-quarter 2019 numbers on Feb 26. It has an Earnings ESP of +2.73% and carries a Zacks Rank #3.
CenterPoint Energy, Inc. (CNP - Free Report) is scheduled to release fourth-quarter 2019 results on Feb 27. It has an Earnings ESP of +1.09% and a Zacks Rank #3.
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Xcel Energy Inc. (XEL - Free Report) is scheduled to release fourth-quarter 2019 earnings on Jan 30 2020, before market open. The company has trailing four-quarter negative earnings surprise of 4.26%, on average.
Factors to Consider
In third-quarter earnings call, the company stated that it expects a drop in operating costs in nuclear operation and lower fossil plant outage in the second half of 2019. Considering this, benefits from lower O&M expenses are likely to get reflected in the company’s fourth-quarter results and margins.
We believe that weather-normalized natural gas sales are likely to increase owing to customer growth and make a positive impact on the company’s fourth-quarter earnings.
Q4 Expectations
The Zacks Consensus Estimate for fourth-quarter 2019 sales is pegged at $3.18 billion, which indicates a rise of 10.34% from the year-ago quarter’s figure. The Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at 53 cents per share, which calls for year-over-year growth of 26.19%.
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. That is not the case here as you will see below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: The company’s Earnings ESP is -2.35%. 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 post an earnings beat in the to-be-reported quarter.
American Electric Power Company (AEP - Free Report) is slated to release fourth-quarter 2019 results on Feb 20. It has an Earnings ESP of +2.13% and a Zacks Rank #3.
Ameren Corporation (AEE - Free Report) is set to release fourth-quarter 2019 numbers on Feb 26. It has an Earnings ESP of +2.73% and carries a Zacks Rank #3.
CenterPoint Energy, Inc. (CNP - Free Report) is scheduled to release fourth-quarter 2019 results on Feb 27. It has an Earnings ESP of +1.09% and a Zacks Rank #3.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained an impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>
"
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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