ALLETE Q2 EPS $0.90 Beats $0.78 Estimate, Sales $533.40M Beat $378.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
ALLETE (NYSE:ALE) reported Q2 earnings of $0.90 per share, beating the analyst consensus estimate of $0.78 by 15.38%. This is a 34.33% increase from the same period last year. The company also reported quarterly sales of $533.40 million, beating the analyst consensus estimate of $378.53 million by 40.91%. This is a 42.96% increase from the same period last year.
August 08, 2023 | 10:17 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
ALLETE's Q2 earnings and sales beat analyst estimates, indicating strong financial performance.
ALLETE's earnings and sales for Q2 significantly exceeded analyst estimates, which is typically a positive signal for the company's stock. The substantial YoY increases in both earnings and sales suggest strong financial performance, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100