MGE Energy Q2 EPS $0.79 Beats $0.69 Estimate, Sales $148.00M Beat $144.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
MGE Energy (NASDAQ:MGEE) reported Q2 earnings of $0.79 per share, beating the analyst consensus estimate of $0.69 by 14.49%. This is a 31.67% increase from the same period last year. The company also reported quarterly sales of $148.00 million, beating the analyst consensus estimate of $144.42 million by 2.48%. However, this is a 2.86% decrease from the same period last year.
August 04, 2023 | 2:08 pm
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MGE Energy reported better than expected Q2 earnings and sales. However, sales decreased compared to the same period last year.
MGE Energy's better than expected earnings and sales for Q2 are likely to have a positive impact on its stock price in the short term. However, the decrease in sales compared to the same period last year might temper this positive impact.
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