Xcel Energy Inc. (NYSE:XEL) Expected to Post Quarterly Sales of $3.16 Billion

Wall Street analysts expect Xcel Energy Inc. (NYSE:XELGet Rating) to report sales of $3.16 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Xcel Energy’s earnings. The highest sales estimate is $3.21 billion and the lowest is $3.08 billion. Xcel Energy reported sales of $3.07 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.9%. The firm is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Xcel Energy will report full year sales of $13.65 billion for the current fiscal year, with estimates ranging from $13.29 billion to $14.06 billion. For the next year, analysts anticipate that the firm will report sales of $14.19 billion, with estimates ranging from $13.57 billion to $15.04 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Xcel Energy.

A number of equities analysts recently weighed in on the stock. KeyCorp lifted their target price on shares of Xcel Energy from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 20th. StockNews.com assumed coverage on Xcel Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Credit Suisse Group assumed coverage on Xcel Energy in a research report on Monday, April 25th. They set an “outperform” rating on the stock.

Shares of Xcel Energy stock traded down $1.62 on Friday, reaching $73.26. 5,614,341 shares of the stock were exchanged, compared to its average volume of 3,408,616. Xcel Energy has a one year low of $61.15 and a one year high of $76.05.

About Xcel Energy (Get Rating)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

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