AltaGas Ltd expected to post earnings of 77 cents a share - Earnings Preview

AltaGas

06/03/2024 13:50

* AltaGas Ltd  ALA.TO   is expected to show a rise in
quarterly
revenue when it reports  results on March 8 for the period
ending December 31 2023
    * The Calgary Alberta-based  company is expected to report a
5.5% increase in revenue to C$4.111 billion from C$3.9 billion a
year ago, according to the estimate from one analyst, based on
LSEG data. (Sales is on Total Revenue basis)
    * ​LSEG's mean analyst estimate for AltaGas Ltd is for
earnings of
77 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "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$33.00​, above​ its last closing price of C$29.32. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  0.88        0.88       0.98      Beat    11.9​
 Dec. 31 2022  0.68        0.67       0.63      Missed  -6.6
 ​​Sep.        0.08        0.09       0.10      Beat    12.7
 30 2022                                                
 Jun. 30 2022  0.10        0.11       0.08      Missed  -30.1​
 Mar. 31 2022  0.92        0.92       1.01      Beat    10
 Dec. 31 2021  0.37        0.38       0.38      Met     -0.7
 This summary was machine generated March 6 at 13:50 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)