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Xcel Energy (XEL) Q1 Earnings Meet Estimates, 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 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 first quarter of 61 cents per remained unchanged 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 5.09%.

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 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 has posted first-quarter 2019 operating earnings of 61 cents per share, in line with the Zacks Consensus Estimate.

Revenue: Xcel Energy’s first-quarter revenues of $3,141 million beat the Zacks Consensus Estimate of $3,071 million by 2.3%.

Market Reaction: 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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