Xcel Energy Q2 2024 Adj. EPS $0.54 Misses $0.57 Estimate, Sales $3.028B Miss $3.287B Estimate
Portfolio Pulse from Benzinga Newsdesk
Xcel Energy (NASDAQ:XEL) reported Q2 2024 adjusted EPS of $0.54, missing the $0.57 estimate. Sales were $3.028 billion, below the $3.287 billion estimate. Despite the misses, EPS increased by 3.85% and sales by 0.20% year-over-year.
August 01, 2024 | 10:12 am
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NEGATIVE IMPACT
Xcel Energy's Q2 2024 earnings and sales both missed analyst estimates. EPS was $0.54, missing by 5.26%, and sales were $3.028 billion, missing by 7.87%. However, EPS increased by 3.85% and sales by 0.20% year-over-year.
Xcel Energy's Q2 2024 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year increases in EPS and sales may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100