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

Algonquin Power & Utilities

06/03/2024 13:32

* Algonquin Power & Utilities Corp  AQN.TO   is expected
to show a
fall in quarterly revenue when it reports  results on March 8
for the period ending December 31 2023
    * The Oakville Ontario-based  company is expected to report
a
12.7% decrease in revenue to $652.95 million from $748 million a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Algonquin Power &
Utilities
Corp is for earnings of 15 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"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 $7.50​, below​ its last closing price
of C$7.93. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.12        0.12       0.11      Missed  -6.6
 Jun. 30 2023  0.10        0.10       0.08      Missed  -23.5
 Mar. 31 2023  0.17        0.17       0.17      Met     -0.6​
 Dec. 31 2022  0.19        0.19       0.22      Beat    13.4
 ​​Sep.        0.16        0.17       0.11      Missed  -33.6
 30 2022                                                
 Jun. 30 2022  0.15        0.15       0.16      Beat    7.6​
 Mar. 31 2022  0.22        0.21       0.21      Met     -1.2
 Dec. 31 2021  0.22        0.22       0.21      Missed  -3.6
 This summary was machine generated March 6 at 13:32 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)