Wall Street brokerages forecast that Xcel Energy Inc. (NYSE:XEL – Get Rating) will post earnings of $0.60 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Xcel Energy’s earnings, with estimates ranging from $0.59 to $0.61. Xcel Energy posted earnings per share of $0.58 in the same quarter last year, which would suggest a positive year over year growth rate of 3.4%. The firm is scheduled to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Xcel Energy will report full-year earnings of $3.16 per share for the current fiscal year, with EPS estimates ranging from $3.15 to $3.18. For the next year, analysts anticipate that the business will post earnings of $3.39 per share, with EPS estimates ranging from $3.35 to $3.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Xcel Energy.
Several brokerages have recently commented on XEL. StockNews.com began coverage on shares of Xcel Energy in a report on Thursday, March 31st. They issued a “hold” rating for the company. Credit Suisse Group began coverage on shares of Xcel Energy in a report on Monday, April 25th. They set an “outperform” rating for the company. Finally, KeyCorp raised their price objective on shares of Xcel Energy from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, April 20th.
Shares of NYSE XEL opened at $74.49 on Wednesday. Xcel Energy has a 12-month low of $61.15 and a 12-month high of $76.05.
About Xcel Energy (Get Rating)
Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.
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