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Unveiling Xcel (XEL) Q3 Outlook: Wall Street Estimates for Key Metrics
Wall Street analysts expect Xcel Energy (XEL - Free Report) to post quarterly earnings of $1.29 per share in its upcoming report, which indicates a year-over-year increase of 4.9%. Revenues are expected to be $3.97 billion, up 8.4% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 2.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Xcel metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Operating revenues- Electric and natural gas' to come in at $3.95 billion. The estimate indicates a year-over-year change of +8.7%.
Analysts' assessment points toward 'Operating revenues- Natural Gas' reaching $314.86 million. The estimate suggests a change of +28.5% year over year.
Analysts predict that the 'Operating revenues- Other' will reach $25.34 million. The estimate suggests a change of -15.6% year over year.
The collective assessment of analysts points to an estimated 'Operating revenues- Electric' of $3.61 billion. The estimate suggests a change of +6.6% year over year.
View all Key Company Metrics for Xcel here>>>
Shares of Xcel have demonstrated returns of -0.2% over the past month compared to the Zacks S&P 500 composite's +2% change. With a Zacks Rank #2 (Buy), XEL is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>