XEL

Xcel Energy Inc.

68.56
USD
1.90%
68.56
USD
1.90%
61.16 76.63
52 weeks
52 weeks

Mkt Cap 36.92B

Shares Out 538.44M

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Xcel Energy (XEL) to Report Q1 Earnings: What's in the Offing?

Xcel Energy Inc. XEL is scheduled to release first-quarter 2022 earnings on Apr 28 before market open. Xcel Energy posted operating earnings of 58 cents per share in the last reported quarter, on par with the Zacks Consensus Estimate. Let’s see how things have shaped up before the upcoming earnings announcement. Factors to Note An expanding customer base and the approval for an interim rate increase for electric and natural gas customers are likely to have boosted revenues in the first quarter. The completion of four wind farms, which added 800 megawatts of owned wind capacity, and the installation of more than 300,000 smart meters as part of the advanced grid program are likely to have increased financial margins in the first quarter. First-quarter results are likely to be impacted by an increase in the operating and maintenance expenses by 1% to 2%, driven by wind farm additions, increased spending on electric vehicle programs and other customer initiatives. Expectation The Zacks Consensus Estimate for first-quarter earnings is pegged at 69 cents per share, indicating a 3% rise from the year-ago reported figure. The Zacks Consensus Estimate for first-quarter sales is pegged at $3.57 billion, suggesting growth of 0.9% from the year-ago reported figure. What the Quantitative Model Predicts Our proven model does not conclusively predict an earnings beat for XEL this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here as you will see below. Xcel Energy Inc. Price and EPS Surprise Earnings ESP: Xcel Energy has an Earnings ESP of -1.45%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Zacks Rank: Currently, Xcel Energy carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here. Stocks to Consider Investors can consider the following players from the same industry who have the right combination of elements to beat earnings in the upcoming releases. Eversource Energy ES is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. Eversource Energy has an Earnings ESP of +0.80% and carries a Zacks Rank #3 at present. ES’ long-term (three to five years) earnings growth is projected at 6.2%. Dominion Energy D is likely to come up with an earnings beat when it reports first-quarter results on May 5 before market open. Dominion Energy has an Earnings ESP of +0.85% and carries a Zacks Rank #3 at present. D’s long-term earnings growth is projected at 6.1%. Algonquin Power & Utilities AQN is likely to come up with an earnings beat when it reports first-quarter results on May 12 after market close. Algonquin Power & Utilities has an Earnings ESP of +20.43% and carries a Zacks Rank #2 at present. AQN’s long-term earnings growth is projected at 8.7%. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Click to get this free report Xcel Energy Inc. (XEL): Free Stock Analysis Report Dominion Energy Inc. (D): Free Stock Analysis Report Eversource Energy (ES): Free Stock Analysis Report Algonquin Power & Utilities Corp. (AQN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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