Xcel Energy Inc. (NYSE:XEL) Expected to Post Quarterly Sales of $3.57 Billion

Equities analysts forecast that Xcel Energy Inc. (NYSE:XEL – Get Rating) will report sales of $3.57 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Xcel Energy’s earnings, with the lowest sales estimate coming in at $3.38 billion and the highest estimate coming in at $3.67 billion. Xcel Energy posted sales of $3.54 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 0.8%. The firm is scheduled to issue its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Xcel Energy will report full-year sales of $13.51 billion for the current fiscal year, with estimates ranging from $13.29 billion to $13.62 billion. For the next financial year, analysts forecast that the company will post sales of $14.04 billion, with estimates ranging from $13.57 billion to $14.59 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that cover Xcel Energy.

Several equities analysts have recently issued reports on XEL shares. StockNews.com began coverage on Xcel Energy in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. KeyCorp raised their price target on shares of Xcel Energy from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday.

NYSE XEL opened at $74.30 on Friday. Xcel Energy has a 12-month low of $61.15 and a 12-month high of $76.05.

Xcel Energy Company Profile (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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