Recap: ALLETE Q4 Earnings

ALLETE ALE reported its Q4 earnings results on Wednesday, February 16, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

ALLETE beat estimated earnings by 11.32%, reporting an EPS of $1.18 versus an estimate of $1.06.

Revenue was up $78.60 million from the same period last year.

Last quarter the company missed on EPS by $0.18, which was followed by a 1.72% increase in the share price the next day.

Here's a look at ALLETE's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	0.71	0.56	1.09	0.75
EPS Actual	0.53	0.53	1.09	0.90
Revenue Estimate	300.20M	293.93M	324.30M	300.65M
Revenue Actual	345.40M	335.60M	339.20M	320.40M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

ALLETE management provided guidance for their next quarter, expecting earnings between $3.6 and $3.9 per share for the next quarter.

This represents a 217.8% in quarter-over-quarter growth for ALLETE, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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