ALLETE, Inc. (ALE - Free Report) is scheduled to release fourth-quarter 2019 earnings on Feb 13, 2020, before market open. The company has a trailing four-quarter negative earnings surprise of 3.13%, on average.
Factors to Consider
ALLETE is focused toward clean energy generation and is undertaking initiatives for the same. The completed wind project — the Glen Ullin Energy Center — is likely to have made a positive impact on the company’s fourth-quarter performance.
Q4 Expectations
The Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at 92 cents, which indicates a decline of 22.03% from the year-ago quarter’s figure. The Zacks Consensus Estimate for fourth-quarter 2019 sales is pegged at $415.39 million, which suggests a decline of 7.34% from the year-ago quarter’s figure.
What Our Quantitative Model Predicts
Our proven model doesn’t conclusively predict an earnings beat for ALLETE this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds 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 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, ALLETE carries a Zacks Rank #4.
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.
Duke Energy Corporation (DUK - Free Report) is slated to release fourth-quarter 2019 results on Feb 13. It has an Earnings ESP of +0.38% 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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ALLETE, Inc. (ALE - Free Report) is scheduled to release fourth-quarter 2019 earnings on Feb 13, 2020, before market open. The company has a trailing four-quarter negative earnings surprise of 3.13%, on average.
Factors to Consider
ALLETE is focused toward clean energy generation and is undertaking initiatives for the same. The completed wind project — the Glen Ullin Energy Center — is likely to have made a positive impact on the company’s fourth-quarter performance.
Q4 Expectations
The Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at 92 cents, which indicates a decline of 22.03% from the year-ago quarter’s figure. The Zacks Consensus Estimate for fourth-quarter 2019 sales is pegged at $415.39 million, which suggests a decline of 7.34% from the year-ago quarter’s figure.
What Our Quantitative Model Predicts
Our proven model doesn’t conclusively predict an earnings beat for ALLETE this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds 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 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, ALLETE carries a Zacks Rank #4.
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.
Duke Energy Corporation (DUK - Free Report) is slated to release fourth-quarter 2019 results on Feb 13. It has an Earnings ESP of +0.38% 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.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.7% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
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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