Minneapolis, MN-based Xcel Energy Inc. (XEL - Free Report) has made a mark of its own in the electric utility space through its widespread operations and a solid customer base. The company currently operates primarily through its regulated utilities which lend a long-term growth potential.
Xcel’s operating utilities are engaged in the generation, purchase, transmission, distribution and sale of electricity in the U.S. The utilities generate electricity using coal, nuclear, hydro, wind and solar energy. Except SPS, the company’s remaining utilities also purchase, transport, distribute and sell natural gas to retail customers, as well as transport customer-owned natural gas.
Estimate Trend & Surprise History
Investors should note that the Zacks Consensus Estimate for the second quarter of 43 cents per share has moved up by a penny in the last 60 days.
Coming to the earnings surprise, Xcel Energy has lagged the Zacks Consensus Estimate in two of the trailing four quarters. This led to an average negative surprise of 1.29%.
Zacks Rank: The company currently has a Zacks Rank #3 (Hold) but going further things could definitely change given the company’s recently released second quarter earnings results. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: Xcel Energy reported second-quarter 2017 operational earnings of 45 cents per share, beating the Zacks Consensus Estimate of 43 cents by 4.6%.
Revenue: The Company lagged the revenue estimates in the reported quarter. Xcel Energy posted revenues of $2,644.9 million in the quarter, compared with the Zacks Consensus Estimate of $2,652 million.
Stock Price: It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Check back later for our full write up on this Xcel Energy earnings report!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>