Allete, Inc. (NYSE:ALE) is reporting third quarter earnings results on Monday 9th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.64 per share.
For the full year, analysts predict revenues of $ 1168.50 million, while looking forward to income of $ 3.33 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.25 ~ $ 3.45 per share
Click Here For More Historical Outlooks Of Allete, Inc.
Previous Quarter Performance
Allete, Inc. revealed income for the second quarter of $ 0.39 per share, from the revenue of $ 243.20 million. The quarterly earnings dropped 40.91 percent while revenues shrunk 16.25 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.67 per share from $ 290.75 million in revenue. The bottom line results missed street analysts by $ 0.28 or 41.79 percent, at the same time, top line results fell short of analysts by $ 47.55 million or 16.35 percent.
Stock Performance
On Friday, shares of Allete, Inc. has traded high as $ 55.16 and has cracked $ 53.52 on the downward trend, reaching $ 53.79 with volume of 241.60 thousand shares.
According to the previous trading day, closing price of $ 53.79, representing a 12.05 % increase from the 52 week low of $ 48.22 and a 36.22 % decrease over the 52 week high of $ 84.71.
The company has a market capital of $ 2.79 billion and is part of the Utilities sector and Diversified Utilities industry.
Conference Call
Allete, Inc. will be hosting a conference call at 10:00 AM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.allete.com
ALLETE, Inc. operates as an energy company. The company operates through three segments: Regulated Operations, ALLETE Clean Energy, and U.S.
