ALLETE Inc expected to post earnings of 91 cents a share - Earnings Preview

Reuters10-28

* ALLETE Inc is expected to show a rise in quarterly revenue when it reports results on October 30 for the period ending September 30 2024

* The Duluth Minnesota-based company is expected to report a 3.2% increase in revenue to $391 million from $378.8 million a year ago, according to the estimate from one analyst, based on LSEG data.

* LSEG's mean analyst estimate for ALLETE Inc is for earnings of 91 cents per share.

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months.

* Wall Street's median 12-month price target for ALLETE Inc is $67.00, above its last closing price of $64.30.

Previous quarterly performance (using preferred earnings measure in US dollars).

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 0.89 0.88 0.57 Missed -35.2

Mar. 31 2024 1.01 1.03 0.88 Missed -14.1

Jan. 1 0001 0.99 0.97 0.89 Missed -8.1

Sep. 30 2023 0.65 0.65 1.49 Beat 129.2

Jun. 0.80 0.80 0.90 Beat 12

30 2023

Mar. 31 2023 1.20 1.18 1.02 Missed -13.3

Jan. 1 0001 1.07 1.15 0.88 Missed -23.2

Sep. 30 2022 0.68 0.74 0.59 Missed -20.3

This summary was machine generated October 28 at 13:06 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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Previous quarterly performance (using preferred earnings measure in US dollars). QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRIENDING        ARTESTIMAT  ESTIMATE             MET,    SE %              E®                               MISSED  Jun. 30 2024  0.89        0.88       0.57      Missed  -35.2Mar. 31 2024  1.01        1.03       0.88      Missed  -14.1Jan. 1 0001   0.99        0.97       0.89      Missed  -8.1Sep. 30 2023  0.65        0.65       1.49      Beat    129.2Jun.        0.80        0.80       0.90      Beat    1230 2023                                                Mar. 31 2023  1.20        1.18       1.02      Missed  -13.3Jan. 1 0001   1.07        1.15       0.88      Missed  -23.2Sep. 30 2022  0.68        0.74       0.59      Missed  -20.3This summary was machine generated October 28 at 13:06 GMT.  All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. 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