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

Capital Power

01/11/2023 13:33

* Capital Power Corp  CPX.TO  reported quarterly adjusted
earnings
of C$2.26​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of C$1.25.  The mean expectation of seven analysts for the
quarter was for earnings of C$1.36 per share. Wall Street
expected results to range from C$1.25  to C$1.58 per share.
    * Revenue rose 46.3% to C$1.15 billion from a year ago;
analysts
expected C$694.00 million. 
    * Capital Power Corp's reported EPS for the quarter was
C$2.26​.
    * The company reported quarterly net income of C$274
million.
    * Capital Power Corp shares had fallen by 6.4% this
quarter and
lost 23.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.3%
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 "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the independent
power
producers peer group is  "hold."

Wall Street's median 12-month price target for Capital Power
Corp is C$48.00 
This summary was machine generated from LSEG data November 1 at
01:33 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.36           2.26           Beat
 Jun. 30 2023      1.00           0.94           Missed
 Mar. 31 2023      1.20           3.96           Beat
 Dec. 31 2022      0.79           0.70           Missed