Minneapolis, Minnesota-based Xcel Energy Inc. (XEL) engages in the generation, purchasing, transmission, distribution, and sale of electricity. With a market cap of $47.9 billion, Xcel operates through Regulated Electric Utility and Regulated Natural Gas Utility segments.
The utilities giant is set to announce its third-quarter results before the market opens on Thursday, Oct. 30. Ahead of the event, analysts expect XEL to report an adjusted profit of $1.34 per share, up 7.2% from $1.25 per share reported in the year-ago quarter. While the company has missed the Street’s bottom-line estimates thrice over the past four quarters, it has surpassed the projections on one other occasion.
