Recap: ALLETE Q1 Earnings


ALLETE ALE reported its Q1 earnings results on Thursday, May 5, 2022 at 07:00 AM.

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


ALLETE missed estimated earnings by 3.05%, reporting an EPS of $1.27 versus an estimate of $1.31.

Revenue was up $44.30 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.12 which was followed by a 1.68% increase in the share price the next day.

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


Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 1.06 0.71 0.56 1.09
EPS Actual 1.18 0.53 0.53 1.09
Revenue Estimate 327.65M 300.20M 293.93M 324.30M
Revenue Actual 399.00M 345.40M 335.60M 339.20M

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 2022, 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.

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