Canadian Utilities Ltd expected to post earnings of 31 cents a share - Earnings Preview

Canadian Utilities

27/10/2021 08:43

* Canadian Utilities Ltd  CU.TO   CU.TO  is expected to show a
fall in quarterly revenue when it reports results on October
28. 
* The Calgary, Alberta-based company is expected to report  a
5.3% decrease in revenue to C$688.625 million from C$727 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Canadian Utilities Ltd
is for earnings of 31 cents per share. For the same quarter last
year, the company reported earnings of 28 cents per share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months. ​
* Wall Street's median 12-month price target for Canadian
Utilities Ltd is C$38​, about 8.3% above​ its last closing price
of C$34.84. ​​​
* Previous quarterly performance (using preferred earnings
measure in Canadian dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  0.39        0.39       0.43      Beat    9.2
 Mar. 31 2021  0.67        0.67       0.70      Beat    3.9
 Dec. 31 2020  0.61        0.61       0.68      Beat    12.3​
 Sep. 30 2020  0.28        0.29       0.28      Missed  -2.4
 Jun.          0.36​       0.36       0.34      Missed  -5.5​
 30​ 2020​                                              
 Mar. 31 2020  0.65        0.66       0.66      Met     -0.3​
 Dec. 31 2019  0.61        0.62       0.65      Missed  5
 Sep. 30 2019  0.37        0.37       0.30      Beat    6.6
 This summary was machine generated October 27 at 07:43 GMT.  All
figures in Canadian dollars unless otherwise stated