Xcel Energy Q1 2024 GAAP EPS $0.88 Beats $0.80 Estimate, Sales $3.649B Miss $4.128B Estimate
Portfolio Pulse from Benzinga Newsdesk
Xcel Energy (NASDAQ:XEL) reported Q1 2024 earnings of $0.88 per share, surpassing the $0.80 estimate, but its sales of $3.649B fell short of the $4.128B estimate, marking a 10.56% decrease from the previous year.
April 25, 2024 | 10:07 am
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Xcel Energy's Q1 2024 earnings exceeded expectations with an EPS of $0.88, but sales missed estimates, showing a significant year-over-year decline.
While the beat on earnings per share (EPS) is positive, the miss on sales and the year-over-year decline could concern investors. The mixed results may lead to neutral short-term stock price movement as the market weighs the positive EPS against the negative sales performance.
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