Capital Power Corp reports results for the quarter ended in December - Earnings Summary

Capital Power

28/02/2024 21:50

* Capital Power Corp  CPX.TO  reported quarterly adjusted
earnings
of 74 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 70 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 71 cents per
share. Wall Street expected results to range from 62 cents to 77
cents per share.
    * Revenue rose 5.9% to C$984.00 million from a year ago. 
    * Capital Power Corp's reported EPS for the quarter was 74
cents​.
    * The company reported quarterly net income of C$97 million.
    * Capital Power Corp shares had risen by 0.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the independent
power
producers peer group is also "hold"

Wall Street's median 12-month price target for Capital Power
Corp is C$43.00 
This summary was machine generated from LSEG data February 28 at
09:49 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.71           0.74           Beat
 Sep. 30 2023      1.36           2.26           Beat
 Jun. 30 2023      1.00           0.94           Missed
 Mar. 31 2023      1.20           3.96           Beat