Recap: ALLETE Q1 Earnings

ALLETE ALE reported its Q1 earnings results on Thursday, May 5, 2022 at 07:00 AM.

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

ALLETE missed estimated earnings by 3.05%, reporting an EPS of $1.27 versus an estimate of $1.31.

Revenue was up $44.30 million from the same period last year.

Last quarter the company beat on EPS by $0.12 which was followed by a 1.68% increase in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	1.06	0.71	0.56	1.09
EPS Actual	1.18	0.53	0.53	1.09
Revenue Estimate	327.65M	300.20M	293.93M	324.30M
Revenue Actual	399.00M	345.40M	335.60M	339.20M

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 FY 2022, expecting earnings between $3.6 and $3.9 per share.

To track all earnings releases for ALLETE visit their earnings calendar here.

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

Earnings Calendar