ALLETE Q1 EPS $0.88 Misses $1.02 Estimate, Sales $403.30M Miss $504.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
ALLETE (NYSE:ALE) reported Q1 earnings of $0.88 per share, missing the consensus estimate of $1.02, and sales of $403.30M, below the expected $504.75M. This represents a decrease from the previous year's earnings and sales.
May 09, 2024 | 10:12 am
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NEGATIVE IMPACT
ALLETE's Q1 earnings and sales significantly missed analyst estimates, indicating potential challenges in the company's performance.
Missing both earnings and sales estimates by significant margins suggests operational or market challenges that could negatively impact investor sentiment and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100