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

Canadian Utilities

27/07/2023 17:19

* Canadian Utilities Ltd  CU.TO  reported quarterly adjusted
earnings of 45 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 45 cents per share.
    * Revenue fell 5.8% to C$879.00 million from a year ago;
analysts
expected C$779.59 million. 
    * Canadian Utilities Ltd's reported EPS for the quarter was
32
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Canadian Utilities Ltd shares had fallen by 0.0% this
quarter and lost 6.4% so far this year.
    * 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 LSEG Refinitiv data July
27 at 04:19 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.45           0.45           Met
 Mar. 31 2023      0.76           0.81           Beat
 Dec. 31 2022      0.72           0.66           Missed
 Sep. 30 2022      0.36           0.45           Beat