Earnings Outlook For ALLETE
Portfolio Pulse from Benzinga Insights
ALLETE (NYSE:ALE) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts expecting an EPS of $0.97. The company's past earnings performance shows a mix of beats and misses, with the share price reacting variably. Shares are currently trading at $58.71, down 5.18% over the last year. Investors will be keenly watching for not just the earnings beat but also the future guidance provided by the company.
February 19, 2024 | 4:01 pm
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NEUTRAL IMPACT
ALLETE is expected to report an EPS of $0.97 for the upcoming quarter. Historical performance shows variability in stock price reaction to earnings reports. Currently, shares are down 5.18% over the last year.
The expected EPS of $0.97 sets a benchmark for ALLETE's performance. Historical data indicates that the company's stock price can react variably to earnings reports and guidance. Given the current share price decline over the past year, the upcoming earnings report and future guidance will be crucial for short-term stock movement. However, the mixed historical reaction to past earnings reports introduces uncertainty, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100