Earnings Summary

Mge Energy Inc’s revenue fell -13.26% since last year same period to $164.65Mn in the Q1 2024. On a quarterly growth basis, Mge Energy Inc has generated 2.57% jump in its revenue since last 3-months.

Mge Energy Inc’s net profit fell -4.6% since last year same period to $20.08Mn in the Q1 2024. On a quarterly growth basis, Mge Energy Inc has generated -46.95% fall in its net profits since last 3-months.

Mge Energy Inc’s net profit margin jumped 9.99% since last year same period to 12.2% in the Q1 2024. On a quarterly growth basis, Mge Energy Inc has generated -48.28% fall in its net profit margins since last 3-months.

Mge Energy Inc’s price-to-earnings ratio after this Q1 2024 earnings stands at 24.06.

Mge Energy Inc’s earning per share (EPS) estimates for the current quarter stand at 0.96 - a 57.38% jump from last quarter’s estimates.

Mge Energy Inc’s earning per share (EPS) estimates for the current year stand at 0.96.

Mge Energy Inc’s earning per share (EPS) fell -5.17% since last year same period to 0.55 in the Q1 2024. This indicates that the Mge Energy Inc has generated -5.17% annual rate of fall 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. Mge Energy Inc’s return on assets (ROA) stands at 0.04.

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. Mge Energy Inc’s return on equity (ROE) stands at 0.11.

Mge Energy Inc declared 0.43 dividend per share during the earnings announcement for Q1 2024.