Xcel Energy Initiates 2024 EPS Guidance of $3.50 - $3.60 Vs. $3.58 Estimate
Portfolio Pulse from Benzinga Newsdesk
Xcel Energy has updated its 2023 ongoing EPS guidance to $3.32 to $3.37 from the previous $3.30 to $3.40 per share. The company has also initiated its 2024 EPS guidance of $3.50 to $3.60 per share, which is slightly below the $3.58 estimate.
October 27, 2023 | 10:10 am
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NEGATIVE IMPACT
Xcel Energy's updated 2023 EPS guidance and new 2024 EPS guidance may impact the company's stock price. The 2024 guidance is slightly below the estimate, which could potentially lead to a negative market reaction.
EPS guidance is a key indicator of a company's profitability. Xcel Energy's 2024 EPS guidance is slightly below the estimate, which could be perceived negatively by the market, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100