MGE (MGEE) Lags Q3 Earnings Estimates

分组1 - MGE reported quarterly earnings of $1.13 per share, missing the Zacks Consensus Estimate of $1.17 per share, but showing an increase from $1.05 per share a year ago, resulting in an earnings surprise of -3.42% [1] - The company posted revenues of $168.48 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.85%, compared to year-ago revenues of $160.53 million [2] - MGE shares have increased approximately 25.6% since the beginning of the year, outperforming the S&P 500's gain of 21.2% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.64 on revenues of $167.94 million, and for the current fiscal year, it is $3.69 on revenues of $674.38 million [7] - The Zacks Industry Rank for Utility - Electric Power is currently in the top 39% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] 分组3 - The estimate revisions trend for MGE is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]