Minneapolis, MN-based Xcel Energy Inc . XEL firm 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.
Estimate Trend & Surprise History
Investors should note that the Zacks Consensus Estimate for the third quarter of 87 cents per share has decreased by 1.1% over the last 30 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 0.57%.
Zacks Rank: The company currently has a Zacks Rank #3 (Hold) but going further things could definitely change given the company's recently released third quarter earnings results.
Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: Xcel Energy topped earnings in the third quarter. Our consensus called for EPS of 87 cents while the company reported EPS of 90 cents.
XCEL ENERGY INC Price and EPS Surprise
Revenue: The Company surpassed the revenue estimates in the reported quarter. Xcel Energy posted revenues of $3,040.1 million in the quarter, compared with Zacks Consensus Estimate of $2,965 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!
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