Algonquin Power & Utilities Corp expected to post earnings of 15  cents a share - Earnings Preview

Algonquin Power & Utilities

09/08/2022 21:27

* Algonquin Power & Utilities Corp  AQN.TO   is expected
to show a
rise in quarterly revenue when it reports  results on August
11. 
    * The Oakville Ontario-based  company is expected to report 
a
12.2% increase in revenue to $592 million from $527.52 million a
year ago, according to the mean estimate from 3 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Algonquin Power &
Utilities Corp is for earnings of 15 cents per share. For the
same quarter last year, the company reported earnings of 15
cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 2 "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 $16.5​, below​ its last closing price
of C$18.37. ​​​
    * 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 2022  0.22        0.21       0.21      Met     -1.2
 Dec. 31 2022  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
 ​​Mar.        0.21        0.21       0.20      Missed  -4.3
 31 2021                                                
 Dec. 31 2020  0.22        0.22       0.21      Missed  -5.4​
 Sep. 30 2020  0.13        0.13       0.15      Beat    11.9
 Jun. 30 2020  0.12        0.12       0.09      Missed  -22.7
 This summary was machine generated August 9 at 20:27 GMT.  All
figures in US dollars  unless otherwise stated