What's In The Cards For Xcel Energy (XEL) In Q3 Earnings?
Zacks Investment Research | Oct 21, 2019 09:45PM ET
Xcel Energy Inc. (NASDAQ:XEL) is scheduled to release third-quarter 2019 earnings on Oct 24, before the market opens.
Notably, the company delivered an average negative earnings surprise of 3.81% in the last four quarters.
Factors to Consider
Xcel Energy’s third-quarter earnings are likely to have benefited from the completion of the Texas-based 478-megawatt Hale Wind farm in June 2019.
In the second-quarter earnings call, the company announced that it will see a drop in operating costs due to lower plant outage in nuclear operation in the second half of 2019. Considering this, the company’s third-quarter results might reflect lower O&M expenses.
We believe weather-normalized retail electric and retail firm natural gas sales have made a positive impact on the company’s third-quarter earnings. However, higher interest expenses are likely to have had an adverse effect.
Q3 Expectations
The Zacks Consensus Estimate for third-quarter 2019 sales is pegged at $3.21 billion, which indicates an improvement of 5.39% from the year-ago quarter’s figure. The Zacks Consensus Estimate for third-quarter earnings per share is pegged at $1.05 per share, which calls for year-over-year growth of 9.38%.
Xcel Energy Inc. Price and EPS Surprise
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