Algonquin Power & Utilities Corp expected to post earnings of 9 cents a share - Earnings Preview

Algonquin Power & Utilities

06/11/2024 14:08

* Algonquin Power & Utilities Corp  AQN.TO   is expected
to show a
fall in quarterly revenue when it reports  results on November 7
for the period ending September 30 2024
    * The Oakville Ontario-based  company is expected to report
a
9.1% decrease in revenue to $568 million from $624.7 million a
year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for Algonquin Power &
Utilities
Corp is for earnings of 9 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and no "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 $5.75​, below​ its last closing price
of C$6.61. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.08        0.08       0.09      Beat    14.5
 Mar. 31 2024  0.15        0.16       0.14      Missed  -10.3
 Dec. 31 2023  0.14        0.15       0.16      Beat    7.5​
 Jan. 1 0001   0.12        0.12       0.11      Missed  -6.6
 ​​Jun.        0.10        0.10       0.08      Missed  -23.5
 30 2023                                                
 Mar. 31 2023  0.17        0.17       0.17      Met     -0.6​
 Dec. 31 2022  0.19        0.19       0.22      Beat    13.4
 Sep. 30 2022  0.16        0.17       0.11      Missed  -33.6
 This summary was machine generated November 6 at 14:08 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)