Boralex Inc reports results for the quarter ended September 30 - Earnings Summary

Boralex

14/11/2024 14:16

* Boralex Inc  BLX.TO  reported a quarterly adjusted loss
of 13
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of -3
cents.  The mean expectation of five analysts for the quarter
was for a loss of 11 cents per share. Wall Street expected
results to range from -18 cents to 4 cents per share.
    * Revenue fell 12.3% to C$150.00 million from a year ago;
analysts
expected C$156.85 million. 
    * Boralex Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The company reported a quarterly loss of C$14 million.
    * Boralex Inc shares had fallen by 8.8% this quarter and
lost 2.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 60%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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$42.50 
This summary was machine generated from LSEG data November 14 at
02:16 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
 Sep. 30 2024      -0.11          -0.13          Missed
 Jun. 30 2024      0.07           0.10           Beat
 Mar. 31 2024      0.44           0.53           Beat
 Dec. 31 2023      0.48           0.36           Missed