Algonquin Power & Utilities Corp expected to post earnings of 17  cents a share - Earnings Preview

Algonquin Power & Utilities

09/05/2023 13:33

* Algonquin Power & Utilities Corp  AQN.TO   is expected
to show a
fall in quarterly revenue when it reports  results on May 11. 
    * The Oakville Ontario-based  company is expected to report 
a
0.0% decrease in revenue to $735.665 million from $735.7 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 17 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 8
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months. ​
    * Wall Street's median 12-month price target for Algonquin
Power &
Utilities Corp is $9​, below​ its last closing price of C$11.81.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  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. 31 2022  0.22        0.21       0.21      Met     -1.2
 ​​Dec.        0.22        0.22       0.21      Missed  -3.6
 31 2021                                                
 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. 31 2021  0.21        0.21       0.20      Missed  -4.3
 This summary was machine generated May 9 at 12:33 GMT.  All
figures in US dollars  unless otherwise stated