The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Xcel Energy whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share stayed the same.
Gross margins grew, operating margins dropped, net margins were steady.
Xcel Energy reported revenue of $2.55 billion. The six analysts polled by S&P Capital IQ hoped for revenue of $2.92 billion on the same basis. GAAP reported sales were 0.7% lower than the prior-year quarter's $2.57 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.29. The 12 earnings estimates compiled by S&P Capital IQ averaged $0.28 per share. GAAP EPS of $0.29 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.2%, 80 basis points better than the prior-year quarter. Operating margin was 12.4%, 100 basis points worse than the prior-year quarter. Net margin was 5.5%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $2.68 billion. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $11.01 billion. The average EPS estimate is $1.89.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Xcel Energy is hold, with an average price target of $28.96.
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