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What's in the Cards for Xcel Energy (XEL) in Q1 Earnings?
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Xcel Energy Inc. (XEL - Free Report) is scheduled to release first-quarter earnings on May 7, before market open. The company delivered a positive earnings surprise of 5.66% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factor to Consider
Despite the impact of the COVID-19 outbreak the company’s first-quarter results are likely to reflect benefits from higher residential demand. The company generates significant portion of its revenues from residential usage of electric and natural gas, which can marginally offset the decline in demand from commercial and industrial customers.
The Zacks Consensus Estimate for first-quarter 2020 sales is pegged at $3.28 billion, which indicates a rise of 4.28% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for first-quarter earnings per share is pegged at 59 cents, which calls for year-over-year decline of 3.28%.
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 0.00%. 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 sector that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Spire Inc. (SR - Free Report) is set to release first-quarter 2020 numbers on May 8. It has an Earnings ESP of +0.17% and carries a Zacks Rank #3.
Algonquin Power & Utilities Corp. (AQN - Free Report) is scheduled to release first-quarter 2020 results on May 7. It has an Earnings ESP of +1.59% and a Zacks Rank #2.
Consolidated Edison Inc (ED - Free Report) is scheduled to release first-quarter results 2020 on May 7. It has an Earnings ESP of +0.52% and a Zacks Rank #3.
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What's in the Cards for Xcel Energy (XEL) in Q1 Earnings?
Xcel Energy Inc. (XEL - Free Report) is scheduled to release first-quarter earnings on May 7, before market open. The company delivered a positive earnings surprise of 5.66% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factor to Consider
Despite the impact of the COVID-19 outbreak the company’s first-quarter results are likely to reflect benefits from higher residential demand. The company generates significant portion of its revenues from residential usage of electric and natural gas, which can marginally offset the decline in demand from commercial and industrial customers.
Xcel Energy Inc. Price and EPS Surprise
Xcel Energy Inc. price-eps-surprise | Xcel Energy Inc. Quote
Q1 Expectations
The Zacks Consensus Estimate for first-quarter 2020 sales is pegged at $3.28 billion, which indicates a rise of 4.28% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for first-quarter earnings per share is pegged at 59 cents, which calls for year-over-year decline of 3.28%.
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 0.00%. 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 sector that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Spire Inc. (SR - Free Report) is set to release first-quarter 2020 numbers on May 8. It has an Earnings ESP of +0.17% and carries a Zacks Rank #3.
Algonquin Power & Utilities Corp. (AQN - Free Report) is scheduled to release first-quarter 2020 results on May 7. It has an Earnings ESP of +1.59% and a Zacks Rank #2.
Consolidated Edison Inc (ED - Free Report) is scheduled to release first-quarter results 2020 on May 7. It has an Earnings ESP of +0.52% and a Zacks Rank #3.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>