Xcel Energy Inc reports results for the quarter ended June 30 - Earnings Summary

• Xcel Energy Inc XEL.OQ reported quarterly adjusted earnings of 75 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of twelve analysts for the quarter was for earnings of 65 cents per share. Wall Street expected results to range from 61 cents to 71 cents per share.

• Revenue rose 8.6% to $3.29 billion from a year ago; analysts expected $3.21 billion.

• Xcel Energy Inc's reported EPS for the quarter was 75 cents​.

• The company reported quarterly net income of $444 million.

• Xcel Energy Inc shares had risen by 6.3% this quarter and gained 7.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.6% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is also "buy"

• Wall Street's median 12-month price target for Xcel Energy Inc is $77.50, about 6.6% above its last closing price of $72.39

This summary was machine generated from LSEG data July 31 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)