AltaGas Ltd reports results for the quarter ended in December - Earnings Summary

AltaGas

08/03/2024 14:31

* AltaGas Ltd  ALA.TO  reported quarterly adjusted earnings
of 75
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 63
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 77 cents per share. Wall Street expected
results to range from 73 cents to 82 cents per share.
    * Revenue fell 15.6% to C$3.29 billion from a year ago;
analysts
expected C$4.11 billion. 
    * AltaGas Ltd's reported EPS for the quarter was 40 cents​.
    * The company reported quarterly net income of C$113
million.
    * AltaGas Ltd shares had risen by 6.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the natural gas
utilities peer group is also "buy"

Wall Street's median 12-month price target for AltaGas Ltd is
C$33.00 
This summary was machine generated from LSEG data March 8 at
02:30 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.77           0.75           Missed
 Sep. 30 2023      0.07           0.10           Beat
 Jun. 30 2023      0.12           0.06           Missed
 Mar. 31 2023      0.88           0.98           Beat