ALLETE: Q4 Earnings Insights - ALLETE (NYSE:ALE)

ALLETE ALE reported its Q4 earnings results on Tuesday, February 20, 2024 at 06:15 AM.

Here's what investors need to know about the announcement.

ALLETE missed estimated earnings by 8.25%, reporting an EPS of $0.89 versus an estimate of $0.97.

Revenue was down $23.10 million from the same period last year.

Last quarter the company beat on EPS by $0.81 which was followed by a 0.82% drop in the share price the next day.

Here's a look at ALLETE's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.68	0.78	1.18	1.15
EPS Actual	1.49	0.90	1.02	0.90
Revenue Estimate	397.25M	378.53M	394.75M	404.81M
Revenue Actual	378.80M	533.40M	564.90M	425.80M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

ALLETE management provided guidance for FY 2024, expecting earnings between $3.6 and $3.9 per share.

To track all earnings releases for ALLETE visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.