Algonquin Power & Utilities Corp expected to post earnings of 20  cents a share - Earnings Preview

Algonquin Power & Utilities

15/03/2023 12:38

* Algonquin Power & Utilities Corp  AQN.TO   is expected
to show a
rise in quarterly revenue when it reports  results on March 17. 
    * The Oakville Ontario-based  company is expected to report 
a
15.2% increase in revenue to $685.333 million from $594.8
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 20 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 8
"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 $8.5​, below​ its last closing price
of C$10.55. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.22        0.22       0.21      Missed  -3.6
 ​​Sep.        0.15        0.15       0.15      Met     -1.5
 30 2021                                                
 Jun. 30 2021  0.13        0.13       0.15      Beat    11.9​
 Mar. 31 2021  0.21        0.21       0.20      Missed  -4.3
 Dec. 31 2020  0.22        0.22       0.21      Missed  -5.4
 This summary was machine generated March 15 at 12:38 GMT.  All
figures in US dollars  unless otherwise stated