Allete Historical Income Statement
| ALE Stock | USD 60.84 0.50 0.83% |
Historical analysis of Allete income statement accounts such as Total Revenue of 1.1 B, Gross Profit of 453.3 M or Operating Income of 190.7 M can show how well Allete Inc performed in making a profits. Evaluating Allete income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Allete's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Allete Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Allete Inc is a good buy for the upcoming year.
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About Allete Income Statement Analysis
Allete Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Allete shareholders. The income statement also shows Allete investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Allete Income Statement Chart
Allete Inc Income Statement is one of the three primary financial statements used for reporting Allete's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Allete Inc revenue and expense. Allete Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Allete's Gross Profit is projected to decrease significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 190.7 M, whereas EBITDA is forecasted to decline to about 268.7 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts Allete Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Allete Inc minus its cost of goods sold. It is profit before Allete operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Operating Income
Operating Income is the amount of profit realized from Allete Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Allete Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most accounts from Allete's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Allete Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. At present, Allete's Gross Profit is projected to decrease significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 190.7 M, whereas EBITDA is forecasted to decline to about 268.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 453.5M | 446.8M | 238.1M | 453.3M | Total Revenue | 1.4B | 1.6B | 1.9B | 1.1B |
Allete income statement Correlations
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Allete Account Relationship Matchups
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Allete income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Revenue | 1.2B | 1.2B | 1.4B | 1.6B | 1.9B | 1.1B | |
| Gross Profit | 435.1M | 424.8M | 453.5M | 446.8M | 238.1M | 453.3M | |
| Operating Income | 179.8M | 150.9M | 151.3M | 134.2M | 180.9M | 190.7M | |
| Ebit | 179.8M | 150.9M | 151.3M | 134.2M | 180.9M | 193.5M | |
| Ebitda | 429.4M | 413.5M | 418.8M | 422.9M | 432.7M | 268.7M | |
| Net Income | 185.6M | 174.2M | 169.2M | 131.3M | 247.1M | 259.5M | |
| Income Tax Expense | (6.6M) | (39.5M) | (26.9M) | (31.2M) | 27.9M | 29.3M | |
| Depreciation And Amortization | 249.6M | 262.6M | 267.5M | 288.7M | 251.8M | 134.4M | |
| Selling General Administrative | 53.3M | 308.1M | 329.7M | 389.3M | 447.7M | 470.1M | |
| Other Operating Expenses | 1.1B | 1.0B | 1.3B | 1.4B | 1.7B | 1.1B | |
| Cost Of Revenue | 805.4M | 744.3M | 965.7M | 1.1B | 1.6B | 1.7B | |
| Total Operating Expenses | 255.3M | 273.9M | 302.2M | 312.6M | 57.2M | 54.3M | |
| Income Before Tax | 178.9M | 122.1M | 110.9M | 100.1M | 206.8M | 151.2M | |
| Total Other Income Expense Net | (900K) | (28.8M) | (40.4M) | (34.1M) | 25.9M | 27.2M | |
| Net Income Applicable To Common Shares | 185.6M | 174.2M | 169.2M | 189.3M | 217.7M | 132.0M | |
| Minority Interest | (100K) | (12.6M) | (31.4M) | (58M) | 68.2M | 71.6M | |
| Net Income From Continuing Ops | 185.5M | 161.6M | 137.8M | 131.3M | 178.9M | 152.0M | |
| Non Operating Income Net Other | 64M | 36.8M | 28.7M | 41.1M | 47.3M | 33.2M | |
| Tax Provision | (6.6M) | (39.5M) | (26.9M) | (31.2M) | 27.9M | 29.3M | |
| Net Interest Income | (60.5M) | (64M) | (66.8M) | (75.2M) | (70.5M) | (74.0M) | |
| Interest Income | 4.4M | 1.6M | 2.3M | 56.5M | 10.3M | 9.8M | |
| Reconciled Depreciation | 213.6M | 228.1M | 241.5M | 250.3M | 258.8M | 249.1M |
Allete Investors Sentiment
The influence of Allete's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Allete. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Allete's public news can be used to forecast risks associated with an investment in Allete. The trend in average sentiment can be used to explain how an investor holding Allete can time the market purely based on public headlines and social activities around Allete Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Allete's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Allete's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Allete's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Allete.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Allete in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Allete's short interest history, or implied volatility extrapolated from Allete options trading.
Pair Trading with Allete
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allete position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allete will appreciate offsetting losses from the drop in the long position's value.Moving together with Allete Stock
| 0.82 | AES | AES | PairCorr |
| 0.74 | AVA | Avista | PairCorr |
Moving against Allete Stock
| 0.6 | ELPC | Companhia Paranaense Earnings Call This Week | PairCorr |
| 0.56 | ELP | Companhia Paranaense Earnings Call This Week | PairCorr |
| 0.53 | HE | Hawaiian Electric Earnings Call This Week | PairCorr |
| 0.49 | MNTK | Montauk Renewables Earnings Call This Week | PairCorr |
| 0.45 | DUKB | Duke Energy Corp | PairCorr |
The ability to find closely correlated positions to Allete could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allete when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allete - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allete Inc to buy it.
The correlation of Allete is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allete moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allete Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allete can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Allete Stock analysis
When running Allete's price analysis, check to measure Allete's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allete is operating at the current time. Most of Allete's value examination focuses on studying past and present price action to predict the probability of Allete's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allete's price. Additionally, you may evaluate how the addition of Allete to your portfolios can decrease your overall portfolio volatility.
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Is Allete's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allete. If investors know Allete will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allete listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Dividend Share 2.71 | Earnings Share 4.3 | Revenue Per Share 32.806 | Quarterly Revenue Growth (0.05) |
The market value of Allete Inc is measured differently than its book value, which is the value of Allete that is recorded on the company's balance sheet. Investors also form their own opinion of Allete's value that differs from its market value or its book value, called intrinsic value, which is Allete's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allete's market value can be influenced by many factors that don't directly affect Allete's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allete's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allete is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allete's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.