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ALLETE (ALE) to Report Q4 Earnings: What's in the Cards?

Zacks Equity Research
·3-min read

ALLETE, Inc. ALE is scheduled to release fourth-quarter 2019 earnings on Feb 13, 2020, before market open. The company has a trailing four-quarter negative earnings surprise of 3.13%, on average.

Factors to Consider

ALLETE is focused toward clean energy generation and is undertaking initiatives for the same. The completed wind project — the Glen Ullin Energy Center — is likely to have made a positive impact on the company’s fourth-quarter performance.

Q4 Expectations

The Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at 92 cents, which indicates a decline of 22.03% from the year-ago quarter’s figure. The Zacks Consensus Estimate for fourth-quarter 2019 sales is pegged at $415.39 million, which suggests a decline of 7.34% from the year-ago quarter’s figure.

Allete, Inc. Price and EPS Surprise

 

Allete, Inc. Price and EPS Surprise
Allete, Inc. Price and EPS Surprise

Allete, Inc. price-eps-surprise | Allete, Inc. Quote

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What Our Quantitative Model Predicts

Our proven model doesn’t conclusively predict an earnings beat for ALLETE this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here as you will see below. You can see the complete list of today’s Zacks #1 Rank stocks here.

Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Currently, ALLETE carries a Zacks Rank #4.

Stocks to Consider

Investors can consider the following players from the same industry that have the right combination of elements to post an earnings beat in the to-be-reported quarter.

Duke Energy Corporation DUK is slated to release fourth-quarter 2019 results on Feb 13. It has an Earnings ESP of +0.38% and a Zacks Rank #3.

Ameren Corporation AEE is set to release fourth-quarter 2019 numbers on Feb 26. It has an Earnings ESP of +2.73% and carries a Zacks Rank #3.

CenterPoint Energy, Inc. CNP is scheduled to release fourth-quarter 2019 results on Feb 27. It has an Earnings ESP of +1.09% and a Zacks Rank #3.

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Duke Energy Corporation (DUK) : Free Stock Analysis Report
 
CenterPoint Energy, Inc. (CNP) : Free Stock Analysis Report
 
Ameren Corporation (AEE) : Free Stock Analysis Report
 
Allete, Inc. (ALE) : Free Stock Analysis Report
 
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Zacks Investment Research