MGE Energy Q1 2024 GAAP EPS $0.93, Sales $191.34M Down From $217.25M YoY
Portfolio Pulse from Benzinga Newsdesk
MGE Energy reported its Q1 2024 earnings with a GAAP EPS of $0.93 and sales of $191.34M, marking an 11.93% decrease from $217.25M in the same period last year.

May 08, 2024 | 2:57 pm
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NEGATIVE IMPACT
MGE Energy reported a decrease in sales by 11.93% YoY in Q1 2024, with earnings per share at $0.93.
The reported decrease in sales by 11.93% YoY is significant and likely to concern investors, potentially leading to a negative short-term impact on the stock price. The EPS of $0.93, while indicative of profitability, may not offset concerns about declining sales.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100