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Compared to Estimates, Xcel (XEL) Q1 Earnings: A Look at Key Metrics

For the quarter ended March 2024, Xcel Energy (XEL) reported revenue of $3.65 billion, down 10.6% over the same period last year. EPS came in at $0.88, compared to $0.76 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $4.01 billion, representing a surprise of -9.09%. The company delivered an EPS surprise of +10.00%, with the consensus EPS estimate being $0.80.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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Here is how Xcel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Operating revenues- Electric: $2.69 billion versus $3.03 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.8% change.

  • Operating revenues- Electric and natural gas: $3.63 billion versus the two-analyst average estimate of $4.24 billion. The reported number represents a year-over-year change of -10.5%.

  • Operating revenues- Natural Gas: $941 million compared to the $1.18 billion average estimate based on two analysts. The reported number represents a change of -26.9% year over year.

View all Key Company Metrics for Xcel here>>>

Shares of Xcel have returned +3.7% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Xcel Energy Inc. (XEL) : Free Stock Analysis Report

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