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

Hydro One

14/08/2024 14:51

* Hydro One Ltd  H.TO  reported quarterly adjusted earnings
of 49
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 44
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 48 cents per share. Wall Street expected
results to range from 46 cents to 50 cents per share.
    * Revenue rose 9.4% to C$2.03 billion from a year ago. 
    * Hydro One Ltd's reported EPS for the quarter was 49
cents​.
    * The company reported quarterly net income of C$292
million.
    * Hydro One Ltd shares had risen by 11.3% this quarter and
gained 11.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "hold"

Wall Street's median 12-month price target for Hydro One Ltd is
C$41.00 
This summary was machine generated from LSEG data August 14 at
01:51 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
 Jun. 30 2024      0.48           0.49           Beat
 Mar. 31 2024      0.49           0.49           Met
 Dec. 31 2023      0.29           0.30           Beat
 Sep. 30 2023      0.56           0.59           Beat