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

Canadian Utilities

27/10/2022 15:29

* Canadian Utilities Ltd  CU.TO  reported quarterly adjusted
earnings of 45 cents​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of 36 cents per share.
    * Revenue rose 13.7% to C$898.00 million from a year ago;
analysts
expected C$715.52 million. 
    * Canadian Utilities Ltd's reported EPS for the quarter was
33
cents​.
    * The mean earnings estimate of analysts had risen by
about 4% in
the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Canadian Utilities Ltd shares had fallen by 0.8% this
quarter and lost 2.8% so far this year.
    * The company reported quarterly net income of C$89 million.
    * 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," 7
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
27 at 02:29 p.m.  ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      0.68           0.71           Beat