Xcel Energy Reaffirms FY24 EPS Guidance of $3.50 - $3.60 Vs. $3.57 Estimate
Portfolio Pulse from Benzinga Newsdesk
Xcel Energy has reaffirmed its earnings per share (EPS) guidance for fiscal year 2024, projecting an EPS range of $3.50 to $3.60. This projection aligns closely with the analyst estimate of $3.57 for the same period.
January 25, 2024 | 11:10 am
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Xcel Energy's reaffirmation of its FY24 EPS guidance suggests stability and confidence in its financial outlook, which is in line with analyst expectations.
Reaffirming guidance typically instills confidence in investors, as it indicates that the company's management is optimistic about meeting or exceeding their financial targets. Since the guidance is in line with analyst estimates, it suggests that Xcel Energy's performance is on track with market expectations, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100