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

Boralex

15/05/2024 14:58

* Boralex Inc  BLX.TO  reported quarterly adjusted earnings
of 53
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 41
cents.  The mean expectation of four analysts for the quarter
was for earnings of 44 cents per share. Wall Street expected
results to range from 37 cents to 50 cents per share.
    * Revenue fell 13.1% to $259.00 million from a year ago;
analysts
expected C$246.95 million. 
    * Boralex Inc's reported EPS for the quarter was 53 cents​.
    * The company reported quarterly net income of $55 million.
    * Boralex Inc shares had risen by 2.6% this quarter and
lost 12.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "buy"

Wall Street's median 12-month price target for Boralex Inc is
C$38.00 
This summary was machine generated from LSEG data May 15 at
01:57 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
 Mar. 31 2024      0.44           0.53           Beat
 Dec. 31 2023      0.48           0.36           Missed
 Sep. 30 2023      -0.08          -0.03          Beat
 Jun. 30 2023      0.12           0.19           Beat