U.S. Markets close in 14 mins

Xcel Energy (XEL) Beats on Q4 Earnings, Revenues Miss

Zacks Equity Research

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 fourth quarter of 44 cents per share has decreased by 2.2% over 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 0.19%.

Zacks Rank: The company currently has a Zacks Rank #2 (Buy) but going further things could definitely change given the company’s recently released fourth 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 fourth quarter. Our consensus called for EPS of 44 cents while the company reported EPS of 45 cents.

Xcel Energy Inc. Price and EPS Surprise

Xcel Energy Inc. Price and EPS Surprise | Xcel Energy Inc. Quote

Revenue: The Company missed the revenue estimates in the reported quarter. Xcel Energy posted revenues of $2,794.7 million in the quarter, compared with the Zacks Consensus Estimate of $3,320 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!

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 >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Xcel Energy Inc. (XEL): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research