Xcel Energy Inc. (NASDAQ:XEL) is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.06 per share.
Looking ahead, the full year income are expected at $ 2.78 per share on the revenues of $ 11742.40 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.73 ~ $ 2.83 per share
Click Here For More Historical Outlooks Of Xcel Energy Inc.
Previous Quarter Performance
Xcel Energy Inc. recorded income for the second quarter of $ 0.54 per share, from the revenue of $ 2,586.00 million. The quarterly earnings boosted 17.39 percent while revenues boosted 0.35 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.48 per share from $ 2655.65 million in revenue. The bottom line results beat street analysts by $ 0.06 or 12.50 percent, at the same time, top line results fell short of analysts by $ 69.65 million or 2.62 percent.
Stock Performance
Shares of Xcel Energy Inc. traded low $ -2.07 or -2.86 percent on Wednesday, reaching $ 70.26 with volume of 2.68 million shares. Xcel Energy Inc. has traded high as $ 72.49 and has cracked $ 70.16 on the downward trend
According to the previous trading day, closing price of $ 70.26, representing a 55.28 % increase from the 52 week low of $ 46.58 and a 2.8 % decrease over the 52 week high of $ 74.41.
The company has a market capital of $ 36.91 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Recent Stock Dividend Announcement
On August 19, 2020, the board of directors authorized quarterly dividend of $ 0.43 per share to holders of record as of the close of business on September 15, 2020, with payment date of October 20, 2020 and ex-dividend date on September 14, 2020.
Conference Call
Xcel Energy Inc. will be hosting a conference call at 10:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.xcelenergy.com
Xcel Energy Inc., through its subsidiaries, engages primarily in the generation, purchase, transmission, distribution, and sale of electricity in the United States. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.
