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

AltaGas

03/11/2023 13:31

* AltaGas Ltd  ALA.TO  reported quarterly adjusted earnings
of 10
cents​​ per share for the quarter ended in September, identical
to the same quarter last year.  The mean expectation of
seven analysts for the quarter was for earnings of 7 cents per
share. Wall Street expected results to range from 6 cents to 10
cents per share.
    * Revenue fell 0.9% to C$3.03 billion from a year ago;
analysts
expected C$3.08 billion. 
    * AltaGas Ltd's reported EPS for the quarter was a loss
of 18
cents​.
    * The company reported a quarterly loss of C$50 million.
    * AltaGas Ltd shares had risen by 3.5% this quarter and
gained 15.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 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$32.00 
This summary was machine generated from LSEG data November 3 at
01:31 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.67           0.63           Missed