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

Boralex

14/08/2023 14:32

* Boralex Inc  BLX.TO  reported quarterly adjusted earnings
of 19
cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of 12 cents per share.
    * Revenue rose 25% to C$210.00 million from a year ago;
analysts
expected C$196.14 million. 
    * Boralex Inc's reported EPS for the quarter was 19 cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Boralex Inc shares had fallen by 17.0% this quarter and
lost 25.2% so far this year.
    * The company reported quarterly net income of C$19 million.
    * Wall Street's median 12-month price target for Boralex Inc
is
C$45.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 14 at 01:32 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.12           0.19           Beat
 Mar. 31 2023      0.42           0.41           Missed
 Dec. 31 2022      0.33           0.14           Missed
 Sep. 30 2022      -0.16          -0.44          Missed