Algonquin Power & Utilities Corp reports results for the quarter ended in June - Earnings Summary

Algonquin Power & Utilities

10/08/2023 14:31

* Algonquin Power & Utilities Corp  AQN.TO  reported
quarterly
adjusted earnings of 8 cents​​ per share for the quarter ended
in June. The mean expectation of eleven analysts for the quarter
was for earnings of 10 cents per share.
    * Revenue rose 0.6% to $627.90 million from a year ago;
analysts
expected $613.06 million. 
    * Algonquin Power & Utilities Corp's reported EPS for the
quarter
was a loss of 37 cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Algonquin Power & Utilities Corp shares had fallen by 4.8%
this
quarter and gained 18.1% so far this year.
    * The company reported a quarterly loss of $253.2 million.
    * Wall Street's median 12-month price target for Algonquin
Power &
Utilities Corp is $9.25 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.10           0.08           Missed
 Mar. 31 2023      0.17           0.17           Met
 Dec. 31 2022      0.19           0.22           Beat
 Sep. 30 2022      0.17           0.11           Missed