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

Canadian Utilities

26/10/2023 14:33

* Canadian Utilities Ltd  CU.TO  reported quarterly adjusted
earnings of 32 cents​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of 31 cents per share.
    * Revenue fell 9.6% to C$812.00 million from a year ago. 
    * Canadian Utilities Ltd's reported EPS for the quarter was
39
cents​.
    * The mean earnings estimate of analysts had fallen by
about 9.3%
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 risen by 0.5% this
quarter and
lost 21.3% so far this year.
    * Wall Street's median 12-month price target for Canadian
Utilities Ltd is C$36.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 26 at 01:32 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.31           0.32           Beat
 Jun. 30 2023      0.45           0.45           Met
 Mar. 31 2023      0.76           0.81           Beat
 Dec. 31 2022      0.72           0.66           Missed