Xcel Energy (NASDAQ:XEL – Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 3.750-3.850 for the period, compared to the consensus EPS estimate of 3.830. The company issued revenue guidance of -. Xcel Energy also updated its FY24 guidance to $3.50-3.60 EPS.
Analyst Ratings Changes
Several research firms recently commented on XEL. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Monday, August 26th. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $71.00 to $76.00 in a research report on Friday. Barclays upped their price objective on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Wells Fargo & Company lifted their price target on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Finally, UBS Group increased their price target on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.38.
Xcel Energy Price Performance
Xcel Energy (NASDAQ:XEL – Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.06). Xcel Energy had a net margin of 13.67% and a return on equity of 10.99%. The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts predict that Xcel Energy will post 3.55 earnings per share for the current fiscal year.
About Xcel Energy
Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.
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