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

Algonquin Power & Utilities

11/11/2022 14:30

* Algonquin Power & Utilities Corp  AQN.TO  reported
quarterly
adjusted earnings of 11 cents​​ per share for the quarter ended
in September. The mean expectation of nine analysts for the
quarter was for earnings of 17 cents per share.
    * Revenue rose 26.1% to $666.70 million from a year ago;
analysts
expected $630.00 million. 
    * Algonquin Power & Utilities Corp's reported EPS for the
quarter
was a loss of 29 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Algonquin Power & Utilities Corp shares had risen by 1.3%
this
quarter and lost 16.3% so far this year.
    * The company reported a quarterly loss of $195.2 million.
    * Wall Street's median 12-month price target for Algonquin
Power &
Utilities Corp is $15.39 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
11 at 02:30 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.17           0.11           Missed
 Jun. 30 2022      0.15           0.16           Beat
 Mar. 31 2022      0.21           0.21           Met
 Dec. 31 2021      0.22           0.21           Missed