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

Boralex

10/05/2023 13:43

* Boralex Inc  BLX.TO  reported quarterly adjusted earnings
of 41
cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for earnings
of 42 cents per share.
    * Revenue rose 31.3% to C$298.00 million from a year ago;
analysts
expected C$263.98 million. 
    * Boralex Inc's reported EPS for the quarter was 41 cents​.
    * The mean earnings estimate of analysts had fallen by
about 20.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Boralex Inc shares had fallen by 4.5% this quarter and
lost 1.8%
so far this year.
    * The company reported quarterly net income of C$43 million.
    * Wall Street's median 12-month price target for Boralex Inc
is
C$47.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 12:43 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.42           0.41           Missed
 Dec. 31 2022      0.33           0.14           Missed
 Sep. 30 2022      -0.16          -0.44          Missed
 Jun. 30 2022      0.07           0.10           Beat