Canadian Utilities Ltd expected to post earnings of 46  cents a share - Earnings Preview

Canadian Utilities

26/07/2022 19:38

* Canadian Utilities Ltd  CU.TO   is expected to show a fall
in
quarterly revenue when it reports  results on July 28. 
    * The Calgary Alberta-based  company is expected to report 
a
5.6% decrease in revenue to C$745.805 million from C$790 million
a year ago, according to the estimate from one analyst, based on
Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Canadian Utilities
Ltd is
for earnings of 46 cents per share. For the same quarter last
year, the company reported earnings of 43 cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "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$39.5​, below​ its last closing price
of C$39.71. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in Canadian dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.76        0.76       0.81      Beat    6.7
 Dec. 31 2022  0.68        0.68       0.71      Beat    4.4
 Sep. 30 2021  0.32        0.31       0.33      Beat    5.2​
 Jun. 30 2021  0.39        0.39       0.43      Beat    9.2
 ​​Mar.        0.67        0.67       0.70      Beat    3.9
 31 2021                                                
 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. 30 2020  0.36        0.36       0.34      Missed  -5.5
 This summary was machine generated July 26 at 18:38 GMT.  All
figures in Canadian dollars  unless otherwise stated