Boralex Inc reports results for the quarter ended in December - Earnings Summary

Boralex

01/03/2024 13:01

* Boralex Inc  BLX.TO  reported quarterly adjusted earnings
of 36
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 14
cents.  The mean expectation of five analysts for the quarter
was for earnings of 48 cents per share. Wall Street expected
results to range from 40 cents to 68 cents per share.
    * Revenue fell 2.2% to C$315.00 million from a year ago;
analysts
expected C$258.80 million. 
    * Boralex Inc's reported EPS for the quarter was 36 cents​.
    * The company reported quarterly net income of C$37 million.
    * Boralex Inc shares had fallen by 11.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.3%
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 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Boralex Inc
is
C$41.00 

This summary was machine generated from LSEG data March 1 at
01:00 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      0.48           0.36           Missed
 Sep. 30 2023      -0.08          -0.03          Beat
 Jun. 30 2023      0.12           0.19           Beat
 Mar. 31 2023      0.42           0.41           Missed