AltaGas Ltd expected to post earnings of 11 cents a share - Earnings Preview

AltaGas

30/07/2024 19:38

* AltaGas Ltd  ALA.TO   is expected to show a fall in
quarterly
revenue when it reports  results on August 1 for the period
ending January 1 0001
    * The Calgary Alberta-based  company is expected to report a
3.6% decrease in revenue to $2.536 billion from $2.63 billion a
year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for AltaGas Ltd is for
earnings of
11 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," no
"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 AltaGas Ltd
is
C$35.00​, above​ its last closing price of C$32.70. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.04        1.04       1.14      Beat    9.2
 Jan. 1 2024   0.75        0.77       0.75      Missed  -2.6
 Sep. 30 2023  0.07        0.07       0.10      Beat    38.9​
 Jun. 30 2023  0.10        0.12       0.06      Missed  -50.4
 ​​Mar.        0.88        0.88       0.98      Beat    11.9
 31 2023                                                
 Dec. 31 2022  0.68        0.67       0.63      Missed  -6.6​
 Sep. 30 2022  0.08        0.09       0.10      Beat    12.7
 Jun. 30 2022  0.10        0.11       0.08      Missed  -30.1
 This summary was machine generated July 30 at 18:38 GMT.  All
figures in Canadian 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)