Xcel Energy reported second-quarter earnings of $0.93 per share, surpassing the Zacks Consensus Estimate of $0.79 per share by 17.72%. The utility posted revenues of $3.12 billion, missing the consensus estimate by 13.48% and down from $3.29 billion a year ago. Over the last four quarters, the company has beaten consensus EPS estimates only once and has not topped revenue estimates in that period. Xcel shares have gained about 6.6% year to date, slightly trailing the S&P 500's 6.9% advance. The current Zacks Rank for the stock is 3, or Hold, with consensus EPS estimates of $1.40 for the coming quarter and $4.11 for the fiscal year.
Xcel Energy Incbeat Q2 EPS estimates by 17.72%
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