MGE Energy Q4 2023 GAAP EPS $0.55, Sales $164.65M Down From $189.83M YoY
Portfolio Pulse from Benzinga Newsdesk
MGE Energy reported Q4 2023 earnings of $0.55 per share with sales of $164.65M, a 13.26% decrease from $189.83M YoY.
February 21, 2024 | 6:51 pm
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NEGATIVE IMPACT
MGE Energy reported a decrease in sales by 13.26% YoY, with Q4 2023 earnings of $0.55 per share.
The reported decrease in sales by 13.26% YoY is significant and could lead to negative investor sentiment in the short term. The earnings per share of $0.55, while informative, may not offset concerns about the sales decrease.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100