MGE (MGEE) Q3 Earnings Surpass Estimates

Core Insights - MGE reported quarterly earnings of $1.22 per share, exceeding the Zacks Consensus Estimate of $1.19 per share, and up from $1.13 per share a year ago, representing an earnings surprise of +2.52% [1] - The company posted revenues of $175.68 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 2.07%, but up from $168.48 million year-over-year [2] - MGE shares have underperformed the market, losing about 11.4% since the beginning of the year compared to the S&P 500's gain of 15.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.66 on revenues of $178.46 million, and for the current fiscal year, it is $3.68 on revenues of $736.28 million [7] - The estimate revisions trend for MGE was unfavorable prior to the earnings release, 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 in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Another company in the same industry, Alliant Energy, is expected to report quarterly earnings of $1.17 per share, reflecting a year-over-year change of +1.7%, with revenues anticipated to be $1.1 billion, up 2% from the previous year [9][10]