Earnings Summary

Allete Inc’s revenue fell -5.43% since last year same period to $402.7Mn in the Q4 2023. On a quarterly growth basis, Allete Inc has generated 6.31% jump in its revenue since last 3-months.

Allete Inc’s net profit jumped 38.44% since last year same period to $51.5Mn in the Q4 2023. On a quarterly growth basis, Allete Inc has generated -40.05% fall in its net profits since last 3-months.

Allete Inc’s net profit margin jumped 46.38% since last year same period to 12.79% in the Q4 2023. On a quarterly growth basis, Allete Inc has generated -43.6% fall in its net profit margins since last 3-months.

Allete Inc’s price-to-earnings ratio after this Q4 2023 earnings stands at 13.44.

Allete Inc’s earning per share (EPS) estimates for the current quarter stand at 1.07 - a 10.31% jump from last quarter’s estimates.

Allete Inc’s earning per share (EPS) estimates for the current year stand at 1.07.

Allete Inc’s earning per share (EPS) jumped 1.14% since last year same period to 0.89 in the Q4 2023. This indicates that the Allete Inc has generated 1.14% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Allete Inc’s return on assets (ROA) stands at 0.02.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Allete Inc’s return on equity (ROE) stands at 0.05.

Allete Inc declared 0.68 dividend per share during the earnings announcement for Q4 2023.