Xcel Energy: Q2 Earnings Insights

Xcel Energy XEL reported its Q2 earnings results on Thursday, July 28, 2022 at 06:05 AM.

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

Xcel Energy missed estimated earnings by 1.64%, reporting an EPS of $0.6 versus an estimate of $0.61.

Revenue was up $356.00 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 2.16% drop in the share price the next day.

Here's a look at Xcel Energy's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.68	0.57	1.18	0.54
EPS Actual	0.70	0.58	1.13	0.58
Revenue Estimate	3.37B	3.10B	3.41B	2.69B
Revenue Actual	3.75B	3.35B	3.47B	3.07B

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).

Xcel Energy management provided guidance for FY 2022, expecting earnings between $3.1 and $3.2 per share.

To track all earnings releases for Xcel Energy visit their earnings calendar here.

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

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