Xcel Energy (XEL) Set to Announce Quarterly Earnings on Thursday

Xcel Energy (NASDAQ:XEL) will be posting its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Xcel Energy to post earnings of $1.31 per share for the quarter. Xcel Energy has set its FY 2024 guidance at 3.500-3.600 EPS and its FY24 guidance at $3.50-$3.60 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.03). Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts expect Xcel Energy to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Xcel Energy Stock Performance

NASDAQ XEL opened at $63.34 on Wednesday. Xcel Energy has a 1-year low of $46.79 and a 1-year high of $65.76. The company has a market capitalization of $35.31 billion, a P/E ratio of 18.91, a PEG ratio of 2.83 and a beta of 0.39. The business has a 50 day moving average price of $63.28 and a 200 day moving average price of $58.06. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.97 and a quick ratio of 0.86.

Analyst Upgrades and Downgrades

XEL has been the topic of a number of analyst reports. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Monday, August 26th. Jefferies Financial Group started coverage on Xcel Energy in a report on Thursday, September 19th. They set a “hold” rating and a $70.00 price objective on the stock. Morgan Stanley raised their price objective on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. KeyCorp raised their price objective on Xcel Energy from $66.00 to $69.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Finally, UBS Group lifted their target price on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $65.54.

About Xcel Energy

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.