Xcel Energy Q4 Adjusted EPS $0.83 Misses $0.85 Estimate, Sales $3.44B Miss $4.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
Xcel Energy (NASDAQ:XEL) reported Q4 adjusted EPS of $0.83, missing the consensus estimate of $0.85, and sales of $3.44B, falling short of the $4.01B estimate. Despite a 20.29% increase in EPS from the previous year, sales saw a 15.08% decrease from the same period last year.
January 25, 2024 | 11:08 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Xcel Energy's Q4 earnings and sales missed analyst estimates, with EPS at $0.83 against an expected $0.85 and sales at $3.44B versus the forecasted $4.01B.
Missing both earnings and revenue estimates is typically seen as a negative signal about a company's financial health and often results in a negative short-term stock price reaction. The fact that Xcel Energy missed by a notable margin on both fronts suggests a potentially stronger negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100