Hydro One Ltd reports results for the quarter ended in December - Earnings Summary

Hydro One

13/02/2024 14:31

* Hydro One Ltd  H.TO  reported quarterly adjusted earnings
of 30
cents​​ per share for the quarter ended in December, identical
to the same quarter last year.  The mean expectation of
ten analysts for the quarter was for earnings of 29 cents per
share. Wall Street expected results to range from 24 cents to 32
cents per share.
    * Revenue rose 6.3% to C$1.98 billion from a year ago;
analysts
expected C$1.86 billion. 
    * Hydro One Ltd's reported EPS for the quarter was 30
cents​.
    * The company reported quarterly net income of C$181
million.
    * Hydro One Ltd shares had risen by 0.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Hydro One
Ltd is
C$40.00 

This summary was machine generated from LSEG data February 13 at
02:31 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      0.29           0.30           Beat
 Sep. 30 2023      0.56           0.59           Beat
 Jun. 30 2023      0.42           0.44           Beat
 Mar. 31 2023      0.49           0.47           Missed