Xcel Energy reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Xcel Energy announced earnings per share of $0.56 on revenue of $2.8B. Analysts polled by anticipated EPS of $0.53 on revenue of $3.04B. That with comparison to EPS of $0.42 on revenue of $2.88B in the same period a year before. Xcel Energy had reported EPS of $1.01 on revenue of $3.01B in the previous quarter. Analysts are expecting EPS of $0.62 and revenue of $3.24B in the upcoming quarter.
Xcel Energy shares are up 6.19% from the beginning of the year and are trading at $67.42 , still down 0.40% from its 52 week high of $67.69 set on January 27. They are outperforming the Nasdaq which is up 2.61% year to date.
Xcel Energy follows other major Utilities sector earnings this month
Xcel Energy's report follows an earnings missed by NextEra Energy on January 24, who reported EPS of $1.44 on revenue of $4.59B, compared to forecasts EPS of $1.48 on revenue of $4,631M.
Enterprise Products Partners LP had missed expectations on Thursday with fourth quarter EPS of $0.51 on revenue of $8.01B, compared to forecast for EPS of $0.53 on revenue of $8.55B.
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