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Xcel Energy (XEL) Q1 Earnings Top, Revenues Lag Estimates
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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 first quarter of 51 cents per share has decreased by 1.9% in the last 60 days.
Coming to the earnings surprise, Xcel Energy has surpassed the Zacks Consensus Estimate in two of the trailing four quarters. This led to an average positive surprise of 0.44%.
Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: Xcel Energy reported first-quarter 2018 operational earnings of 57 cents per share, beating the Zacks Consensus Estimate of 51 cents by 11.8%.
Revenue: The Company lagged the revenue estimates in the reported quarter. Xcel Energy posted revenues of $2,951 million in the quarter, lagging the Zacks Consensus Estimate of $2,956 million marginally by 0.2%.
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!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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Xcel Energy (XEL) Q1 Earnings Top, Revenues Lag Estimates
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 first quarter of 51 cents per share has decreased by 1.9% in the last 60 days.
Coming to the earnings surprise, Xcel Energy has surpassed the Zacks Consensus Estimate in two of the trailing four quarters. This led to an average positive surprise of 0.44%.
Xcel Energy Inc. Price and EPS Surprise
Xcel Energy Inc. Price and EPS Surprise | Xcel Energy Inc. Quote
Zacks Rank: The company currently has a Zacks Rank #2 (Buy) but going further things could definitely change given the company’s recently released first 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 first-quarter 2018 operational earnings of 57 cents per share, beating the Zacks Consensus Estimate of 51 cents by 11.8%.
Revenue: The Company lagged the revenue estimates in the reported quarter. Xcel Energy posted revenues of $2,951 million in the quarter, lagging the Zacks Consensus Estimate of $2,956 million marginally by 0.2%.
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!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>