Datasets:

oliverwang15

/

us_stock_news_with_price

like 0

XEL

Xcel Energy EPS in-line, beats on revenue

Xcel Energy (NASDAQ:XEL): Q2 GAAP EPS of $0.58 in-line. Revenue of $3.07B (+18.5% Y/Y) beats by $380M. The company reaffirms 2021 EPS earnings guidance of $2.90 to $3.00 vs. consensus of $2.97. Press Release

XEL

Xcel Energy Q2 2021 Earnings Preview

Xcel Energy (NASDAQ:XEL) is scheduled to announce Q2 earnings results on Thursday, July 29th, before market open. The consensus EPS Estimate is $0.57 (+5.6% Y/Y) and the consensus Revenue Estimate is $2.69B (+4.0% Y/Y). Over the last 1 year, XEL has beaten EPS estimates 50% of the time and has beaten revenue estimates 25% of the time. Over the last 3 months, EPS estimates have seen 4 upward revisions and 4 downward. Revenue estimates have seen 4 upward revisions and 1 downward.

XEL

Xcel, NuScale sign MoU to explore potential plant operations

EzumeImages/iStock via Getty Images Xcel Energy (XEL +0.9%) says it signed a memorandum of understanding with NuScale Power to explore partnering on operating small nuclear reactors, with the potential for Xcel as the main operator of NuScale's nuclear plants. NuScale - majority-owned by Fluor (FLR -3%) - says it is "seeking an experienced nuclear plant operator to provide potential customers with the operational support needed to generate carbon-free energy." Xcel has more than 50 years' experience operating nuclear plants, and is the owner and operator of two plants in Minnesota. It is also the first major U.S. power provider to announce a commitment to 100% carbon-free electricity by 2050. NuScale's small modular nuclear reactor design was the first to receive approval from the Nuclear Regulatory Commission.

XEL

Xcel Energy taps Frenzel as new President/CEO

peterschreiber.media/iStock via Getty Images Xcel Energy (NASDAQ:XEL) appoints current CFO Bob Frenzel as its new President and CEO, while current Chairman and CEO Ben Fowke will become Executive Chairman. Frenzel joined Xcel in 2016 as CFO and became President and COO in March 2020; previously, he was CFO for Luminant, Energy Future Holdings' competitive power generating subsidiary, and a VP at Goldman Sachs' investment banking division. EVP and chief generation officer Tim O'Connor is named Xcel's new COO; he joined the company in 2007. Xcel Energy has a long-term history of EPS and dividend growth, and the company expects continued growth this year, Insider Monkey writes in a bullish analysis posted on Seeking Alpha.

XEL

Xcel Energy declares $0.4575 dividend

Xcel Energy (NASDAQ:XEL) declares $0.4575/share quarterly dividend, in line with previous. Forward yield 2.64% Payable Oct. 20; for shareholders of record Sept. 15; ex-div Sept. 14. See XEL Dividend Scorecard, Yield Chart, & Dividend Growth.

XEL

Xcel Energy subsidiary faces lawsuit for breach of contract

Xcel Energy's (XEL -2.4%) subsidiary Public Service Company of Colorado has been sued by CORE Electric Cooperative, a member-owned electric cooperative utility serving customers in the central Colorado area, for alleged breach of contract. The lawsuit claims that Xcel breached its contractual obligations related to the operation and maintenance of the Comanche 3 coal plant located in Pueblo, Colorado. According to Xcel, certain documents referenced in the complaint are confidential. The complaint contains some redactions to maintain the confidentiality of these documents until the Court can make a determination in this regard.

XEL

Lightsource BP starts world's first steel mill to run almost entirely on solar

BP says its 50%-owned Lightsource BP joint venture together with Xcel Energy (NASDAQ:XEL) and EVRAZ North America have launched the 300 MW Bighorn solar project to power a steel mill in Colorado. EVRAZ's Pueblo steel mill will be the world's first steel mill to be powered largely by solar energy, as well as the largest on-site solar facility in the U.S. dedicated to a single customer. BP says the project will consist of 750K solar panels which will provide nearly all the plant's annual electricity demand. The mill is expected to produce some of the world's greenest steel and steel products, removing more than 433K metric tons/year of carbon dioxide emissions, the equivalent of taking ~92K fuel burning cars off the road each year. Lightsource BP recently secured a $1.8B credit facility to finance plans to develop 25 GW of solar power generation capacity.

XEL

Much-needed rain may provide relief for California utilities, Barclays says

Gargolas/iStock via Getty Images Utilities in four states - California, Florida, Louisiana and Texas - have been most exposed since 1980 to economic damage from extreme weather events, but debt investors should not necessarily avoid the most heavily affected names, according to the Barclays credit team, which offers buy recommendations for several large companies. Heavy rain that put parts of northern California on flood watch may also "help to bring this year's fire season to an early close," says Srinjoy Banerjee, Barclays utility and REITs credit research analyst, as part of his bullish view on PG&E (NYSE:PCG). The Barclays team likes PG&E's first-mortgage bonds, given the new regulatory framework around California utilities, which includes a $21B wildfire fund and greater oversight aimed at fire prevention, which "all sort of help to reduce credit risks," Banerjee tells MarketWatch. Barclays also has Overweight recommendations on Southern California Edison (NYSE:EIX) debt and several Vistra (NYSE:VST) bonds maturing in 2027, but is Underweight Entergy (NYSE:ETR) debt. Separately, John Bartlett, president of Reaves Asset Management, which specializes in utilities and infrastructure investments, tells Barron's that laggards WEC Energy (NYSE:WEC), Xcel Energy (NASDAQ:XEL) and CMS Energy (NYSE:CMS) should offer dependable earnings growth in the mid-single-digit range. Each has been "the wrong stock to have in [the current] stock market," but "they have a nice solid dividend yield that's going to grow over time." The top utilities ETF (NYSEARCA:XLU) has returned ~7% YTD, badly trailing the S& 500 index's 22% gain.

XEL

Xcel Energy Q3 2021 Earnings Preview

Xcel Energy (NASDAQ:XEL) is scheduled to announce Q3 earnings results on Thursday, October 28th, before market open. The consensus EPS Estimate is $1.17 and the consensus Revenue Estimate is $3.41B (+7.2% Y/Y). Over the last 1 year, XEL has beaten EPS estimates 25% of the time and has beaten revenue estimates 25% of the time. Over the last 3 months, EPS estimates have seen 4 upward revisions and 4 downward. Revenue estimates have seen 1 upward revision and 4 downward.

XEL

Xcel Energy EPS misses by $0.03, beats on revenue

Xcel Energy (NASDAQ:XEL): Q3 GAAP EPS of $1.13 misses by $0.03. Revenue of $3.47B (+9.1% Y/Y) beats by $60M. Press Release Guidance — Xcel Energy narrows 2021 GAAP and ongoing earnings guidance to $2.94 to $2.98 from $2.90 to $3.00 per share. Consensus EPS Estimate for 2021 is $2.98.

XEL

Xcel Energy upgraded at BMO on attractive valuation, positive catalysts

igorbondarenko/iStock via Getty Images Xcel Energy (XEL +1.5%) eases higher after BMO Capital upgrades shares to Outperform from Market Perform with a $70 price target, up from $68, after underperforming peers so far this year despite some recent positive catalysts. Xcel shares "represent an attractive entry point for investors especially when the company is compared to several of its high quality/compounding peers, given its visible, above-average growth (with additional upside potential), and positive catalyst calendar," BMO analyst James Thalacker writes. Despite constructive updates and growth upside associated with Federal legislation, Xcel shares have "only modestly reflected these positive fundamental updates [and] growth drivers," Thalacker says, believing the relatively muted reaction likely is "due to several regulatory overhangs that as largely alleviated through year-end [and] 1Q 2022, will allow investors to be able to more fully appreciate the recent set of positive updates." Xcel's revenue and earnings have "healthily grown above even pre-COVID levels in the first three quarters of this year," Kody's Dividends writes in a bullish analysis published on Seeking Alpha.

XEL

Xcel Energy declares $0.4575 dividend

Xcel Energy (NASDAQ:XEL) declares $0.4575/share quarterly dividend, in line with previous. Forward yield 2.74% Payable Jan. 20; for shareholders of record Dec. 22; ex-div Dec. 21. See XEL Dividend Scorecard, Yield Chart, & Dividend Growth.

ZM

More recently public companies consider ESG disclosure

Despite only recently coming to public markets, Lyft (LYFT +1.7%) and Zoom Video Communications (ZM -1.9%) are considering publishing disclosures on environmental, social and governance goals as demands for the information continue to grow. Such ESG disclosures typically come in annual reports or through prescribed frameworks. But investors are increasingly seeking information on such factors as carbon dioxide emissions and workforce diversity to evaluate companies. In Lyft's case that means more data on reducing emissions via renewable energy, and putting more electric vehicles on the road. And Zoom says it views ESG goals as an important part of conducting business, though it has yet to sort out exactly which disclosures are appropriate. Tech is the second fastest-growing sector for ESG disclosures, asset manager Arabesque says, behind only healthcare.

ZM

Zoom Video Communications Q1 2020 Earnings Preview

Zoom Video Communications (NASDAQ:ZM) is scheduled to announce Q1 earnings results on Thursday, June 6th, after market close. The consensus EPS Estimate is $0.01 and the consensus Revenue Estimate is $111.63M.

ZM

Zoom +10.8% on upside full-year outlook

Zoom Video (NASDAQ:ZM) soars 10.8% on its first post-IPO print. The Q1 results beat estimates with 103% Y/Y revenue growth. The Q2 view has upside revenue of $129-130M (estimate: $122.3M) and in-line EPS of $0.01 to $0.02 (estimate: $0.01). Upside FY guidance has revenue of $535-540M (estimate: $522.2M) and EPS of $0.02 to $0.03 (estimate: $0.01). The number of customers contributing more than $100K in the trailing 12 months grew 120% Y/Y to 405. Earnings call starts at 5 PM ET with a webcast here. Press release.

ZM

Zoom Video Communications EPS beats by $0.02, beats on revenue

Zoom Video Communications (NASDAQ:ZM): Q1 Non-GAAP EPS of $0.03 beats by $0.02; GAAP EPS of $0.00 beats by $0.02. Revenue of $121.99M (+103.1% Y/Y) beats by $10.36M. Shares +5.6%. Press Release

ZM

Zoom +4.4% on joint Verizon solution

Verizon (NYSE:VZ) teams with Zoom Video Communications (NASDAQ:ZM) to offer ZM's video-first unified communications platform to VZ's business customers as a cloud service. All Verizon customers can use either Call-In Toll/Toll Free or Call-me numbers to access over 50 countries. Users can join a Zoom meeting through a Verizon wireless phone or Verizon VoIP for no additional charge. The new Verizon/Zoom solution is now globally available. Zoom shares are up 4.4% to $90.16.

ZM

Zoom Video -3% as Goldman questions valuation

Goldman downgrades Zoom Video Communications (NASDAQ:ZM) from Neutral to Sell and cuts the PT from $53 to $66. Analyst Heather Bellini cites valuation with ZM trading at 47x (based on FY19 enterprise value-to-sales) compared to the 12x of its peers. Bellini sees "significant" upsides for Zoom's forecasts, but thinks those are baked into the current price. Zoom shares are down 3.3% pre-market to $85.90.

ZM

Stephens praises Zoom, Slack growth runways

More details out on yesterday afternoon's bullish starts of Zoom (NASDAQ:ZM) and Slack (NYSE:WORK) at Stephens. Analyst Dmitry Netis says Zoom will "grow into its premium valuation as it becomes the global standard for enterprises" and gives it an Overweight rating and Street-high $115 target. For Slack, Netis sees a long runway for growth through global expansion, new product launches, and converting more free users to paid customers. The analyst sees Slack's roughly 15M MAUs as about 5% of its TAM. Slack gets an Overweight rating and a $43 price target. SLACK shares are down 2.3% to $34.20 following yesterday's news that Microsoft's competing product is attracting more users. ZM shares are up 1.3% to $92.55. Average Sell Side ratings put Slack at Outperform and Zoom at Hold.

ZM

Zoom +1.2% on new bull

Zoom Video Communications (NASDAQ:ZM) gets an Overweight start at Stephens alongside a bullish call on Slack. The firm assigns a $115 price target, implying a 26% upside. ZM has a Hold average Sell Side rating. Zoom shares are up 1.2% after hours to $92.45.

ZM

Recent tech IPOs feel sell-off pressure

WeWork finally made its IPO paperwork public this morning right before its future peers took a market beating. Uber (UBER -7%) is one of the largest decliners, still sore from last week's earnings report, which missed sales estimates and included a massive $5.2B loss. Lyft (LYFT -5.7%) is also along for the ride despite the beat-and-raise the day before Uber's report. Lyft is staring down an earlier-than-expected IPO lockup expiration on August 19. Other IPO movers include Pinterest (PINS -6.2%) and Zoom Video Communications (ZM -3.1%).

ZM

Zoom Video Communications Q2 2020 Earnings Preview

Zoom Video Communications (NASDAQ:ZM) is scheduled to announce Q2 earnings results on Thursday, September 5th, after market close. The consensus EPS Estimate is $0.01 and the consensus Revenue Estimate is $130.55M Over the last 3 months, EPS estimates have seen 9 upward revisions and 2 downward. Revenue estimates have seen 11 upward revisions and 2 downward.

ZM

Zoom -5% despite beats, upside views

Zoom Video Communications (NASDAQ:ZM) -5.4% reports Q2 beats with 96% Y/Y revenue growth. Customers contributing more than $100K in the TTM revenue grew 104% Y/Y to 466. Customers with more than 10 employees grew 78% to about 66,300. Upside Q3 guidance sees $155-156M in revenue (consensus: $140.94M) and EPS of $0.03 (consensus: $0.01 loss). The upside FY view has revenue of $587-590M (consensus: $546.73M) and EPS of $0.18-0.19 (consensus: $0.03). Earnings call starts at 5:30 PM ET with a webcast here. Press release.

ZM

Zoom Video Communications EPS beats by $0.07, beats on revenue

Zoom Video Communications (NASDAQ:ZM): Q2 Non-GAAP EPS of $0.08 beats by $0.07; GAAP EPS of $0.02 beats by $0.05. Revenue of $145.83M (+95.7% Y/Y) beats by $15.28M. Shares +4%. Press Release

ZM

Top tech IPOs outperform S&P 500

IPOs this year have been a lucrative bet despite the terrible public performance of Uber and Lyft. An investment equally distributed across a basket of 13 venture-backed tech IPOs this year (including Slack's direct listing) would have resulted in a 67% gain, compared with a 20% YTD return for the S&P 500. Performance since hitting the market: UBER -26%; ZM +120%; PINS +53%; CRWD +91%; LYFT -36%; BYND +524%; NET +20%; MDLA +43%; FSLY +82%; PD +25%; LVGO -12%; REAL -15%; WORK -6% (from reference point). Related ETFs: IPO, FPX, IPOS, FPXI

ZM

Baird starts Zoom Video at Outperform

Zoom Video (NASDAQ:ZM) is up 0.7% after a launch at Outperform by Baird. That's despite an already "premium" valuation, the firm says, which is "justified by the industry-leading growth, estimate upside potential, strong profitability." It's set a price target of $100, implying 26% further upside for a stock which has already more than doubled from its April IPO price. Sell-side analysts looking at the same gains rate the stock a Hold, while Seeking Alpha authors are Bullish.

ZM

Facebook puts Workplace on Portal; Zoom Video -4.6%

Facebook (FB -0.6%) is enabling its Portal video chat devices to handle its Workplace service for businesses. That's news that is hitting teleconferencing firm Zoom Video Communications (NASDAQ:ZM), now -4.6% to its lowest point since May. Portal in the office would also run into usage of Microsoft's Skype (NASDAQ:MSFT). Workplace users will gain an option to automatically add live video captions along with a new peer-to-peer video solution to aid playback. In other upgrades they're also gaining the ability to send surveys, post "learning content" including best practice guides, and add gamification elements like goals, thanks posts and badges.

ZM

Zoom Video -1.8% after lockup expires

Zoom Video (NASDAQ:ZM) dips 1.8% as its IPO lockup period expires, unlocking roughly 230M shares for trading. Zoom shares are up 14% since the April debut. Related: Tech peer Pinterest also hit its expiration date today.

ZM

Zoom -3% as Rosenblatt sees RingCentral loss

Rosenblatt is out cautions on Zoom Video (NASDAQ:ZM), saying that major customer RingCentral (NYSE:RNG) could remove ZM and launch its own video product. The firm thinks RNG could announce its new product as early as the coming weeks. Source: Notable Calls. Zoom Video is down 3.2% pre-market to $63.65.

ZM

Software sees green after MSFT print

Software stocks are on the move after Microsoft's Q1 revenue and EPS beats. Gainers include Smartsheet (SMAR +10%), Coupa Software (COUP +8.2%), Datadog (DDOG +8.8%), Zoom Video (ZM +5.7%), and Atlassian (TEAM +4.7%). Related software ETFs: IGV, PSJ, XSW

ZM

Zoom +2.5% on Guggenheim's bull start

Guggenheim starts Zoom Video Communications (NASDAQ:ZM) at Buy and a $90 target, a 29% upside. The firm says ZM's "unique business model is a combination of low initial price and very rapid adoption, which makes for a very profitable financial model in the long-run." Zoom shares are up 2.5% pre-market to $71.64. ZM has a Neutral average Sell Side rating with six Buy-equivalent ratings out of the 20 total.

ZM

Cloud stocks seeing red

Cloud-based enterprise stocks drop today on continuing trade tensions with the First Trust Cloud Computing ETF (NASDAQ:SKYY) down 1.9% compared to the 1.1% drop for the tech sector (NYSEARCA:XLK). Decliners include Slack (WORK -2.5%), Zoom Video Communications (ZM -7.4%), Atlassian (TEAM -5.1%), and Okta (OKTA -6.9%). SKYY is up nearly 6% this quarter and 26% YTD.

ZM

Zoom Video Communications Q3 2020 Earnings Preview

Zoom Video Communications (NASDAQ:ZM) is scheduled to announce Q3 earnings results on Thursday, December 5th, after market close. The consensus EPS Estimate is $0.03 and the consensus Revenue Estimate is $156.23M Over the last 3 months, EPS estimates have seen 14 upward revisions and 0 downward. Revenue estimates have seen 13 upward revisions and 0 downward.

ZM

Zoom targets cut on size of earnings beat

RBC Capital analyst Alex Zukin maintains a Sector Perform rating on Zoom Video (NASDAQ:ZM) but cuts the target by $20 to $75 after yesterday's earnings report. Zukin notes that the narrowing revenue beat and divergence of the billings and RPO growth rates could pressure shares in the near-term. The analyst still thinks Zoom "demonstrates one of the most capital-efficient sales motions in enterprise software" and sees "numerous" growth drivers. More action: Bernstein (Outperform) cuts ZM from $120 to $107. Bernstein says estimates "will have to be aggressively revised upward over the next 8 quarters," which will make the valuation "look more palatable." Zoom shares are down 8.6% pre-market to $63.65. The company has a Neutral average Sell Side rating.

ZM

Zoom Video Communications EPS beats by $0.06, beats on revenue

Zoom Video Communications (NASDAQ:ZM): Q3 Non-GAAP EPS of $0.09 beats by $0.06; GAAP EPS of $0.01 beats by $0.04. Revenue of $166.59M (+84.9% Y/Y) beats by $10.36M. Shares -0.96%. Press Release

ZM

Zoom +3% after positive CNBC mention

Zoom Video Communications (NASDAQ:ZM) gains 3.3% after CNBC contributor Josh Brown mentions purchasing shares this morning. Brown says Zoom's product is "changing the entire landscape" for U.S. businesses.