AltaGas Ltd expected to post earnings of C$1.04 a share - Earnings Preview

AltaGas

30/04/2024 17:16

* AltaGas Ltd  ALA.TO   is expected to show a rise in
quarterly
revenue when it reports  results on May 2 for the period ending
March 31 2024
    * The Calgary Alberta-based  company is expected to report a
1.9% increase in revenue to C$4.126 billion from C$4.05 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
C$1.04 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 2.8%
in the last three months. ​
    * Wall Street's median 12-month price target for AltaGas Ltd
is
C$34.00​, above​ its last closing price of C$30.38. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.75        0.77       0.75      Missed  -2.6
 Sep. 30 2023              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.        0.68        0.67       0.63      Missed  -6.6
 31 2022                                                
 Sep. 30 2022  0.08        0.09       0.10      Beat    12.7​
 Jan. 1 0001   0.10        0.11       0.08      Missed  -30.1
 Jan. 1 0001   0.92        0.92       1.01      Beat    10
 This summary was machine generated April 30 at 16:16 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)