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

Algonquin Power & Utilities

11/05/2023 14:31

* Algonquin Power & Utilities Corp  AQN.TO  reported
quarterly
adjusted earnings of 17 cents​​ per share for the quarter ended
in March. The mean expectation of eleven analysts for the
quarter was for earnings of 17 cents per share.
    * Revenue rose 5.8% to $778.63 million from a year ago;
analysts
expected $735.67 million. 
    * Algonquin Power & Utilities Corp's reported EPS for the
quarter
was 39 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Algonquin Power & Utilities Corp shares had risen by 5.2%
this
quarter and gained 35.3% so far this year.
    * The company reported quarterly net income of $268.05
million.
    * Wall Street's median 12-month price target for Algonquin
Power &
Utilities Corp is $9.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
11 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.15           0.16           Beat