For its second fiscal quarter (ending June 30), MGE Energy Inc (NASDAQ: MGEE) has reported a -16% decline in E.P.S. from $0.79 a year ago to $0.66 in the current quarter. This performance was $-0.29 short of the consensus estimate of $0.95. For the latest four quarters through June 30, E.P.S. were $3.19 versus $3.16 for the same period a year ago — an increase of 1%.
Recent Price Action
MGE Energy Inc (NASDAQ: MGEE) stock closed at $84.82 on 8/7/24 after a slight decline of -0.6%. However, trading volume in this decline was unusually low at 64% of normal. The stock has declined -3.2% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MGEE’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
MGE Energy has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. MGE Energy has a slightly negative Appreciation Score of 30 but a good Power Rating of 71, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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