Stock Analysis

Xcel Energy First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

NasdaqGS:XEL
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Xcel Energy (NASDAQ:XEL) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$3.65b (down 11% from 1Q 2023).
  • Net income: US$488.0m (up 17% from 1Q 2023).
  • Profit margin: 13% (up from 10% in 1Q 2023). The increase in margin was driven by lower expenses.
  • EPS: US$0.88 (up from US$0.76 in 1Q 2023).
earnings-and-revenue-growth
NasdaqGS:XEL Earnings and Revenue Growth April 26th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Xcel Energy EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Electric Utilities industry in the US.

Performance of the American Electric Utilities industry.

The company's shares are up 2.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Xcel Energy (1 is a bit unpleasant!) that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

About NasdaqGS:XEL

Xcel Energy

Through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity in the United States.

Solid track record average dividend payer.

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