Boralex Inc expected to post earnings of 48 cents a share - Earnings Preview

Boralex

28/02/2024 12:03

* Boralex Inc  BLX.TO   is expected to show a fall in
quarterly
revenue when it reports  results on March 1 for the period
ending December 31 2023
    * The Kingsey Falls Quebec-based  company is expected to
report a
19.6% decrease in revenue to C$258.8 million from C$322 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data. (Sales is on Operating revenue basis.)
    * ​LSEG's mean analyst estimate for Boralex Inc is for
earnings of
48 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"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 Boralex Inc
is
C$41.00​, above​ its last closing price of C$28.65. ​​​

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  -0.09       -0.08      -0.03     Beat    63.6
 Jun. 30 2023  0.10        0.12       0.19      Beat    61
 Mar. 31 2023  0.40        0.42       0.41      Missed  -2.8​
 Dec. 31 2022  0.23        0.33       0.14      Missed  -57.3
 ​​Sep.        -0.18       -0.16      -0.44     Missed  -176.7
 30 2022                                                
 Jun. 30 2022  0.07        0.07       0.10      Beat    48.5​
 Mar. 31 2022  0.37        0.37       0.49      Beat    31.8
 Dec. 31 2021  0.30        0.31       0.17      Missed  -44.7
 This summary was machine generated February 28 at 12:02 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)