ALLETE Future Growth
Future criteria checks 1/6
ALLETE is forecast to grow earnings and revenue by 15.1% and 5.4% per annum respectively. EPS is expected to grow by 10.3% per annum. Return on equity is forecast to be 8.1% in 3 years.
Key information
15.1%
Earnings growth rate
10.3%
EPS growth rate
| Electric Utilities earnings growth | 9.4% |
| Revenue growth rate | 5.4% |
| Future return on equity | 8.1% |
| Analyst coverage | Low |
| Last updated | 18 Nov 2024 |
Recent future growth updates
Recent updates
Allete, Inc.: BlackRock's Backdoor Takeover
Jun 30Little Excitement Around ALLETE, Inc.'s (NYSE:ALE) Earnings
Apr 29
These 4 Measures Indicate That ALLETE (NYSE:ALE) Is Using Debt Extensively
Apr 11ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705
Feb 12Allete: I Continue To Be Bullish On This Quality Business
Feb 10ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705
Jan 29Calculating The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)
Jan 19There's No Escaping ALLETE, Inc.'s (NYSE:ALE) Muted Earnings
Dec 19Allete: An Undervalued Company With Excellent Opportunity
Nov 23ALLETE (NYSE:ALE) Ticks All The Boxes When It Comes To Earnings Growth
Nov 07ALLETE (NYSE:ALE) May Have Issues Allocating Its Capital
Oct 09A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)
Sep 24ALLETE (NYSE:ALE) Takes On Some Risk With Its Use Of Debt
Sep 06Allete: A Potential Buy In Renewable Energy
Aug 30Allete's Q2 Performance: Generating Energy And Enthusiasm
Aug 11Be Wary Of ALLETE (NYSE:ALE) And Its Returns On Capital
Jun 26Is ALLETE, Inc. (NYSE:ALE) Worth US$62.0 Based On Its Intrinsic Value?
Jun 09ALLETE (NYSE:ALE) Use Of Debt Could Be Considered Risky
May 24ALLETE (NYSE:ALE) Is Increasing Its Dividend To $0.6775
May 07Need To Know: Analysts Are Much More Bullish On ALLETE, Inc. (NYSE:ALE) Revenues
May 05A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)
Mar 10Here's Why ALLETE (NYSE:ALE) Is Weighed Down By Its Debt Load
Feb 21Allete: Dividend Play, Leading The Renewables Transition
Feb 15ALLETE (NYSE:ALE) Will Want To Turn Around Its Return Trends
Feb 06ALLETE raises dividend by 4.28% to $0.6775
Feb 03A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)
Dec 04Allete Stock Compares Favorably To Bond ETFs IEF And ILTB
Nov 16ALLETE Q3 2022 Earnings Preview
Nov 08The Returns On Capital At ALLETE (NYSE:ALE) Don't Inspire Confidence
Nov 02ALLETE declares $0.65 dividend
Oct 28Here's Why ALLETE (NYSE:ALE) Is Weighed Down By Its Debt Load
Oct 18An Intrinsic Calculation For ALLETE, Inc. (NYSE:ALE) Suggests It's 22% Undervalued
Aug 29ALLETE GAAP EPS of $0.61 misses by $0.02, revenue of $373.1M beats by $30.28M; reaffirms FY earning guidance
Aug 03ALLETE declares $0.65 dividend
Jul 28The Returns On Capital At ALLETE (NYSE:ALE) Don't Inspire Confidence
Jul 27Is ALLETE (NYSE:ALE) Using Too Much Debt?
Jul 11New Forecasts: Here's What Analysts Think The Future Holds For ALLETE, Inc. (NYSE:ALE)
May 11Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 1,871 | 265 | N/A | 514 | 2 |
| 12/31/2025 | 1,793 | 236 | N/A | 497 | 2 |
| 12/31/2024 | 1,573 | 212 | N/A | 474 | 1 |
| 9/30/2024 | 1,568 | 180 | 115 | 433 | N/A |
| 6/30/2024 | 1,539 | 221 | 146 | 430 | N/A |
| 3/31/2024 | 1,718 | 240 | 291 | 553 | N/A |
| 12/31/2023 | 1,880 | 247 | 314 | 585 | N/A |
| 9/30/2023 | 1,903 | 247 | 409 | 660 | N/A |
| 6/30/2023 | 1,912 | 195 | 310 | 561 | N/A |
| 3/31/2023 | 1,752 | 181 | 86 | 319 | N/A |
| 12/31/2022 | 1,571 | 189 | 1 | 221 | N/A |
| 9/30/2022 | 1,544 | 200 | -113 | 136 | N/A |
| 6/30/2022 | 1,501 | 193 | -126 | 150 | N/A |
| 3/31/2022 | 1,464 | 184 | -233 | 170 | N/A |
| 12/31/2021 | 1,419 | 169 | -216 | 264 | N/A |
| 9/30/2021 | 1,341 | 154 | -294 | 267 | N/A |
| 6/30/2021 | 1,289 | 168 | -329 | 262 | N/A |
| 3/31/2021 | 1,197 | 160 | -398 | 300 | N/A |
| 12/31/2020 | 1,169 | 165 | -425 | 300 | N/A |
| 9/30/2020 | 1,153 | 177 | -404 | 312 | N/A |
| 6/30/2020 | 1,148 | 167 | -486 | 295 | N/A |
| 3/31/2020 | 1,195 | 181 | -406 | 256 | N/A |
| 12/31/2019 | 1,241 | 186 | -350 | 247 | N/A |
| 9/30/2019 | 1,384 | 197 | -221 | 311 | N/A |
| 6/30/2019 | 1,444 | 197 | -81 | 334 | N/A |
| 3/31/2019 | 1,498 | 194 | 77 | 391 | N/A |
| 12/31/2018 | 1,499 | 174 | 119 | 431 | N/A |
| 9/30/2018 | 1,388 | 154 | 115 | 394 | N/A |
| 6/30/2018 | 1,403 | 169 | N/A | 413 | N/A |
| 3/31/2018 | 1,412 | 174 | N/A | 426 | N/A |
| 12/31/2017 | 1,419 | 172 | N/A | 403 | N/A |
| 9/30/2017 | 1,423 | 175 | N/A | 401 | N/A |
| 6/30/2017 | 1,410 | 171 | N/A | 370 | N/A |
| 3/31/2017 | 1,372 | 158 | N/A | 338 | N/A |
| 12/31/2016 | 1,340 | 155 | N/A | 335 | N/A |
| 9/30/2016 | 1,379 | 129 | N/A | 323 | N/A |
| 6/30/2016 | 1,492 | 149 | N/A | 304 | N/A |
| 3/31/2016 | 1,500 | 147 | N/A | 362 | N/A |
| 12/31/2015 | 1,486 | 141 | N/A | 340 | N/A |
| 9/30/2015 | 1,397 | 156 | N/A | 312 | N/A |
| 6/30/2015 | 1,223 | 137 | N/A | 326 | N/A |
| 3/31/2015 | 1,160 | 131 | N/A | 267 | N/A |
| 12/31/2014 | 1,137 | 125 | N/A | 270 | N/A |
| 9/30/2014 | 1,114 | 125 | N/A | 263 | N/A |
| 6/30/2014 | 1,076 | 109 | N/A | 254 | N/A |
| 3/31/2014 | 1,051 | 106 | N/A | 256 | N/A |
| 12/31/2013 | 1,018 | 105 | N/A | 239 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ALE's forecast earnings growth (15.1% per year) is above the savings rate (2.6%).
Earnings vs Market: ALE's earnings (15.1% per year) are forecast to grow slower than the US market (15.3% per year).
High Growth Earnings: ALE's earnings are forecast to grow, but not significantly.
Revenue vs Market: ALE's revenue (5.4% per year) is forecast to grow slower than the US market (8.9% per year).
High Growth Revenue: ALE's revenue (5.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ALE's Return on Equity is forecast to be low in 3 years time (8.1%).