AltaGas Ltd expected to post earnings of 9 cents a share - Earnings Preview

AltaGas

29/10/2024 13:45

* AltaGas Ltd  ALA.TO   is expected to show a rise in
quarterly
revenue when it reports  results on October 31 for the period
ending September 30 2024
    * The Calgary Alberta-based  company is expected to report a
5.2% increase in revenue to C$3.188 billion from C$3.03 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
9 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "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$39.00​, above​ its last closing price of C$33.78. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.11        0.11       0.14      Beat    24.6
 Mar. 31 2024  1.04        1.04       1.14      Beat    9.2
 Dec. 31 2023  0.75        0.77       0.75      Missed  -2.6​
 Sep. 30 2023  0.07        0.07       0.10      Beat    38.9
 ​​Jan.        0.10        0.12       0.06      Missed  -50.4
 1 0001                                                 
 Jan. 1 0001   0.88        0.88       0.98      Beat    11.9​
 Jan. 1 0001   0.68        0.67       0.63      Missed  -6.6
 Sep. 30 2022  0.08        0.09       0.10      Beat    12.7
 This summary was machine generated October 29 at 13:44 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)