Xcel Energy Earnings Miss, Revenue Beats In Q2
2022.07.28 14:01
Xcel Energy Earnings Miss, Revenue Beats In Q2
Investing.com – Xcel Energy (NASDAQ:XEL) reported on Thursday second quarter earnings that missed analysts’ forecasts and revenue that topped expectations.
Xcel Energy announced earnings per share of $0.6 on revenue of $3.42B. Analysts polled by Investing.com anticipated EPS of $0.6028 on revenue of $3.1B.
Xcel Energy shares are up 3% from the beginning of the year, still down 8.33% from its 52 week high of $76.63 set on May 25. They are outperforming the Nasdaq which is down 23.09% from the start of the year.
Xcel Energy follows other major Utilities sector earnings this month
Xcel Energy’s report follows an earnings beat by NextEra Energy on July 22, who reported EPS of $0.81 on revenue of $5.18B, compared to forecasts EPS of $0.7598 on revenue of $5.35B.
Iberdrola SA had beat expectations on Wednesday with second quarter EPS of $0.4674 on revenue of $9.41B, compared to forecast for EPS of $0.4255 on revenue of $9.41B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
