Algonquin Power & Utilities Corp expected to post earnings of 10  cents a share - Earnings Preview

Algonquin Power & Utilities

08/08/2023 13:43

* Algonquin Power & Utilities Corp  AQN.TO   is expected
to show a
fall in quarterly revenue when it reports  results on August
10. 
    * The Oakville Ontario-based  company is expected to report 
a
1.8% decrease in revenue to $613.055 million from $624.3 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Algonquin Power &
Utilities Corp is for earnings of 10 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Algonquin
Power &
Utilities Corp is $9.25​, below​ its last closing price
of C$10.39. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.17        0.17       0.17      Met     -0.6
 Dec. 31 2023  0.19        0.19       0.22      Beat    13.4
 Sep. 30 2022  0.16        0.17       0.11      Missed  -33.6​
 Jun. 30 2022  0.15        0.15       0.16      Beat    7.6
 ​​Mar.        0.22        0.21       0.21      Met     -1.2
 31 2022                                                
 Dec. 31 2021  0.22        0.22       0.21      Missed  -3.6​
 Sep. 30 2021  0.15        0.15       0.15      Met     -1.5
 Jun. 30 2021  0.13        0.13       0.15      Beat    11.9
 This summary was machine generated August 8 at 12:43 GMT.  All
figures in US dollars  unless otherwise stated