- Second Quarter Ongoing EPS: 54 cents, lower than estimated 57 cents but higher than last year’s 52 cents.
- Operating Revenue: $3.03 billion, a slight increase of 0.2% year-over-year, missing the estimate of $3.32 billion.
- Electric Operating Revenue: $2.66 billion, up by 2.2% compared to last year.
- Natural Gas Operating Revenue: $355 million, down by 9.7% year-over-year.
- Other Operating Revenue: $14 million, a significant drop of 50% compared to last year.
- Year Forecast: EPS still expected to be between $3.50 and $3.60, in line with the estimate of $3.56.
- Analyst Recommendations: 9 buy ratings, 7 hold ratings, and 1 sell rating.
Xcel Energy Inc on Smartkarma
On Smartkarma, a renowned independent investment research network, analysts like Baptista Research delve into Xcel Energy Inc. Their report titled “Xcel Energy Inc.: Initiation of Coverage – Will Its Investments In Clean Energy & Grid Modernization Pay Off? – Major Drivers” explores the company’s recent first-quarter earnings discussions. Xcel Energy highlighted an improved earnings per share compared to the previous year amidst operational challenges and opportunities. The firm’s focus remains on bolstering system resiliency against wildfire risks and advancing clean energy projects.
A look at Xcel Energy Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Xcel Energy Inc shows a solid long-term outlook. The company receives a high score in Dividend and Momentum, indicating a strong performance in these areas. Additionally, with moderate scores in Value and Growth, Xcel Energy Inc is positioned well for potential growth opportunities in the future. However, the company’s Resilience score is lower, suggesting possible areas for improvement in terms of risk management and stability.
Xcel Energy, Inc. provides electric and natural gas services across several states in the United States. Their services include electricity and natural gas generation, transmission, and distribution. With a generally positive outlook based on the Smartkarma Smart Scores, Xcel Energy Inc appears to be a promising investment option for those looking for stable dividends and strong momentum in the energy sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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