Xcel Energy (NYSE: XEL ) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see.
The 10-second takeaway
Comparing the upcoming quarter witb the prior-year quarter, average analyst estimates predict Xcel Energy's revenues will improve 1.5% and EPS will increase 6.1%.
The average estimate for revenue is $2.47 billion. On the bottom line, the average EPS estimate is $0.35.
Last quarter, Xcel Energy logged revenue of $2.58 billion. GAAP reported sales were 8.5% lower than the prior-year quarter's $2.82 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.38. GAAP EPS of $0.38 for Q1 were 9.5% lower than the prior-year quarter's $0.42 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 30.2%, 100 basis points better than the prior-year quarter. Operating margin was 14.7%, 40 basis points worse than the prior-year quarter. Net margin was 7.1%, 10 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $10.84 billion. The average EPS estimate is $1.77.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Xcel Energy is outperform, with an average price target of $27.88.
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