Xcel Energy Q3 Adj. EPS $1.23 Misses $1.27 Estimate, Sales $3.66B Miss $4.00B Estimate
Portfolio Pulse from Benzinga Newsdesk
Xcel Energy (NASDAQ:XEL) reported Q3 earnings of $1.23 per share, missing the analyst consensus estimate of $1.27 by 3.15%. The company's quarterly sales were $3.66 billion, missing the analyst consensus estimate of $4.00 billion by 8.50%. This represents a 4.24% increase in earnings but a 10.34% decrease in sales compared to the same period last year.
October 27, 2023 | 10:07 am
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NEGATIVE IMPACT
Xcel Energy's Q3 earnings and sales missed analyst estimates. This could negatively impact investor sentiment and the company's stock price in the short term.
Xcel Energy's earnings and sales for Q3 have both missed analyst estimates. This underperformance could lead to a decrease in investor confidence, which may negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100