Minneapolis, MN-based Xcel Energy Inc. (NASDAQ:XEL) 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 has operations in eight states – Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. It has three segments – Electric, Natural Gas and Other.
Estimate Trend & Surprise History
Investors should note that the Zacks Consensus Estimate for the fourth quarter of 42 cents per share has increased by 2.4% 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 4.51%.
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 #3 (Hold) but going further things could definitely change given the company’s recently released fourth 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 has posted fourth-quarter 2018 operating earnings of 42 cents per share, in line with the Zacks Consensus Estimate.
Revenue: Xcel Energy’s fourth-quarter revenues of $2,880 million beat the Zacks Consensus Estimate of $2,863 million by 0.6%.
Market Reaction: Xcel Energy’s shares moved up about 0.55% in pre-market trading following the release, at the time of this write-up. This reflects investors’ optimism about the company’s Q4 results. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Xcel Energy earnings report later!
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Xcel Energy Inc. (XEL): Get Free Report
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