Xcel Energy to Release Q4 Earnings: Here's What You Need to Know

Xcel Energy XEL is scheduled to release fourth-quarter 2024 results on Feb. 6, before market open. The company delivered a negative earnings surprise of 3.1% in the last reported quarter.See the Zacks Earnings Calendar to stay ahead of market-making news.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Key Factors That Might Have Impacted XEL Stocks' Q4 EarningsXcel Energy’s quarterly earnings are likely to have benefited from higher demand from data centers, electric vehicle adoption, electric and natural gas customer additions and economic growth in its service region.The company’s quarterly earnings are also likely to have benefited from the new natural gas rate in its Colorado region, which became effective in November 2024.Courtesy of efficient operations management, the company’s natural gas and electric rates are lower than the national average. This has attracted more customers and created fresh demand, which might have aided XEL.However, the expected increase in operation and maintenance expenses must have offset some of the positives in the to-be-reported quarter.Q4 Expectations for XEL StockThe Zacks Consensus Estimate for earnings is pegged at 87 cents per share, indicating a year-over-year increase of 4.8%.The Zacks Consensus Estimate for revenues is pegged at $3.72 billion, implying a year-over-year improvement of 8%.What the Zacks Model UnveilsOur proven model conclusively predicts an earnings beat for Xcel Energy 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. Xcel Energy Inc. Price and EPS Surprise Xcel Energy Inc. price-eps-surprise | Xcel Energy Inc. QuoteEarnings ESP: The company’s Earnings ESP is +0.58%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: Currently, Xcel Energy carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here.Upcoming ReleasesInvestors may consider the following players from the same industry as these have the right combination of elements to post an earnings beat this reporting cycle.Dominion Energy D is likely to come up with an earnings beat when it reports fourth-quarter results on Feb. 12. It has an Earnings ESP of +5.85% and a Zacks Rank #3 at present.D’s long-term (three to five years) earnings growth rate is 13.59%. The Zacks Consensus Estimate for earnings is pinned at 57 cents per share, which implies a year-over-year increase of 96.6%.OGE Energy OGE is likely to come up with an earnings beat when it reports fourth-quarter results on Feb. 19. It has an Earnings ESP of +2.41% and a Zacks Rank #2 at present.OGE’s long-term earnings growth rate is 5.92%. The Zacks Consensus Estimate for earnings is pinned at 48 cents per share, which implies a year-over-year increase of 100%.CenterPoint Energy CNP is likely to come up with an earnings beat when it reports fourth-quarter results on Feb. 20. It has an Earnings ESP of +0.63% and a Zacks Rank #2 at present.CNP’s long-term earnings growth rate is 7.12%. The Zacks Consensus Estimate for earnings is pinned at 40 cents per share, which implies a year-over-year increase of 25%. Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Xcel Energy Inc. (XEL): Free Stock Analysis Report OGE Energy Corporation (OGE): Free Stock Analysis Report CenterPoint Energy, Inc. (CNP): Free Stock Analysis Report Dominion Energy Inc. (D): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks