Xcel Energy XEL reported its Q2 earnings results on Thursday, July 28, 2022 at 06:05 AM.
Here's what investors need to know about the announcement.
Earnings
Xcel Energy missed estimated earnings by 1.64%, reporting an EPS of $0.6 versus an estimate of $0.61.
Revenue was up $356.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 2.16% drop in the share price the next day.
Here's a look at Xcel Energy's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 0.68 | 0.57 | 1.18 | 0.54 |
EPS Actual | 0.70 | 0.58 | 1.13 | 0.58 |
Revenue Estimate | 3.37B | 3.10B | 3.41B | 2.69B |
Revenue Actual | 3.75B | 3.35B | 3.47B | 3.07B |
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
Xcel Energy management provided guidance for FY 2022, expecting earnings between $3.1 and $3.2 per share.
To track all earnings releases for Xcel Energy visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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