U.S. Markets closed

Xcel Energy (XEL) Misses Q1 Earnings Estimate,Revenues Beat

Zacks Equity Research

Minneapolis, MN-based Xcel Energy Inc. 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’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 50 cents per share has remained same in the last 60 days.

Coming to the earnings surprise, Xcel Energy has surpassed the Zacks Consensus Estimate in three of the trailing four quarters. This led to an average positive surprise of 0.75%.

Zacks Rank: The company currently has a Zacks Rank #4 (Sell) 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 2017 operational earnings of 47 cents per share, lagging the Zacks Consensus Estimate of 50 cents by 6.0%.

Xcel Energy Inc. Price and EPS Surprise

 

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

Revenue: The Company surpassed the revenue estimates in the reported quarter. Xcel Energy posted revenues of $2,946.4 million in the quarter, compared with the Zacks Consensus Estimate of $2,908 million.

Stock Price:  It would be interesting to see how the market reacts to the negative earnings surprise during the trading session today.

Check back later for our full write up on this Xcel Energy earnings report!

Looking for Ideas with Even Greater Upside?

Most of Zacks’ investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>


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