AltaGas Ltd expected to post earnings of 7  cents a share - Earnings Preview

AltaGas

01/11/2023 18:32

* AltaGas Ltd  ALA.TO   is expected to show a rise in
quarterly
revenue when it reports  results on November 3. 
    * The Calgary Alberta-based  company is expected to report 
a
0.6% increase in revenue to C$3.075 billion from C$3.06 billion
a year ago, according to the estimate from one analyst, based on
LSEG data. 
    * ​Refinitiv's mean analyst estimate for AltaGas Ltd is for
earnings of 7 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 1
"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$32​, above​ its last closing price of C$25.76. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.10        0.12       0.06      Missed  -50.4
 Mar. 31 2023  0.88        0.88       0.98      Beat    11.9
 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.        0.10        0.11       0.08      Missed  -30.1
 30 2022                                                
 Mar. 31 2022  0.92        0.92       1.01      Beat    10​
 Dec. 31 2021  0.37        0.38       0.38      Met     -0.7
 Sep. 30 2021  -0.06       -0.05      0.02      Beat    136.4
 This summary was machine generated November 1 at 18:31 GMT.  All
figures in Canadian dollars  unless otherwise stated