Brookfield Renewable Corp reports results for the quarter ended in December - Earnings Summary

Brookfield Renewable

07/02/2024 12:00

* Brookfield Renewable Corp  BEPC.N  reported quarterly
adjusted
earnings of 1 cent​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -16 cents.  The lone analyst forecast
for the quarter was for a loss of 14 cents per share. 
    * Revenue rose 10.6% to $1.32 billion from a year ago;
analysts
expected $1.21 billion. 
    * Brookfield Renewable Corp's reported EPS for the quarter
was 1
cent​.
    * The company reported quarterly net income of $35 million.
    * Brookfield Renewable Corp shares had fallen by 7.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.3%
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 3 "strong buy" or "buy," no
"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 Brookfield
Renewable Corp is $33.00 
This summary was machine generated from LSEG data February 7 at
12:00 p.m. UTC. ​All figures in US 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      -0.14          0.01           Beat
 Sep. 30 2023      -0.10          -0.14          Missed
 Jun. 30 2023      -0.07          -0.10          Missed
 Mar. 31 2023      -0.05          -0.09          Missed