ALLETE (NYSE: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.

Earnings

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.

Past Earnings Performance

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:

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).

Guidance

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.