Hydro One Ltd expected to post earnings of 49 cents a share - Earnings Preview

Hydro One

10/05/2024 15:30

* Hydro One Ltd  H.TO   is expected to show a fall in
quarterly
revenue when it reports  results on May 14 for the period ending
March 31 2024
    * The Toronto Ontario-based  company is expected to report a
0.5% decrease in revenue to $2.063 billion from $2.07 billion a
year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for Hydro One Ltd is for
earnings
of 49 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Hydro One
Ltd is
C$40.00​, below​ its last closing price of C$40.21. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.29        0.29       0.30      Beat    2
 Jan. 1 2023   0.57        0.56       0.59      Beat    5.4
 Jun. 30 2023  0.42        0.42       0.44      Beat    5.5​
 Mar. 31 2023  0.48        0.49       0.47      Missed  -3.3
 ​​Dec.        0.29        0.28       0.30      Beat    8.8
 31 2022                                                
 Sep. 30 2022  0.49        0.49       0.51      Beat    4.6​
 Jun. 30 2022  0.43        0.41       0.42      Beat    2.3
 Mar. 31 2022  0.49        0.48       0.52      Beat    9.2
 This summary was machine generated May 10 at 14:30 GMT.  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)