Canadian Utilities Ltd reports results for the quarter ended in December - Earnings Summary

Canadian Utilities

02/03/2023 14:39

* Canadian Utilities Ltd  CU.TO  reported quarterly adjusted
earnings of 66 cents​​ per share for the quarter ended in
December. The mean expectation of seven analysts for the quarter
was for earnings of 72 cents per share.
    * Revenue rose 7.7% to C$1.11 billion from a year ago;
analysts
expected C$1.18 billion. 
    * The mean earnings estimate of analysts had fallen by
about 3.8%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Canadian Utilities Ltd shares had fallen by 4.6% this
quarter.
    * Wall Street's median 12-month price target for Canadian
Utilities Ltd is C$39.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data March 2
at 02:39 p.m.  ​All figures in Canadian dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.72           0.66           Missed
 Sep. 30 2022      0.36           0.45           Beat
 Jun. 30 2022      0.46           0.51           Beat
 Mar. 31 2022      0.76           0.81           Beat