MGE (MGEE) Q1 Earnings and Revenues Surpass Estimates

Core Viewpoint - MGE (MGEE) reported quarterly earnings of $1.14 per share, exceeding the Zacks Consensus Estimate of $0.98 per share, and showing an increase from $0.93 per share a year ago, indicating a 16.33% earnings surprise [1] Financial Performance - MGE's revenues for the quarter ended March 2025 were $218.97 million, surpassing the Zacks Consensus Estimate by 8.18%, compared to $191.34 million in the same quarter last year [2] - Over the last four quarters, MGE has exceeded consensus EPS estimates only once and has topped consensus revenue estimates two times [2] Stock Performance and Outlook - MGE shares have declined approximately 2.7% since the beginning of the year, while the S&P 500 has decreased by 4.7% [3] - The future performance of MGE's stock will largely depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $0.78 on revenues of $156.63 million, and for the current fiscal year, it is $3.69 on revenues of $720.77 million [7] - The trend for estimate revisions prior to the earnings release was unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Utility - Electric Power industry is currently ranked in the top 20% of over 250 Zacks industries, suggesting that stocks in the top 50% of Zacks-ranked industries tend to outperform those in the bottom 50% by more than 2 to 1 [8]