Xcel Energy (NASDAQ:XEL) reported its Q1 earnings results on Thursday, April 28, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Xcel Energy beat estimated earnings by 2.94%, reporting an EPS of $0.7 versus an estimate of $0.68.
Revenue was up $210.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 1.31% increase in the share price the next day.
Here's a look at Xcel Energy's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.57 | 1.18 | 0.54 | 0.61 |
| EPS Actual | 0.58 | 1.13 | 0.58 | 0.67 |
| Revenue Estimate | 3.10B | 3.41B | 2.69B | 2.90B |
| Revenue Actual | 3.35B | 3.47B | 3.07B | 3.54B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Xcel Energy management provided guidance for FY 2022, expecting earnings between $3.1 and $3.2 per share.
To track all earnings releases for Xcel Energy visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
