Hydro One Ltd reports results for the quarter ended in September 30 - Earnings Summary

Hydro One

07/11/2024 14:33

* Hydro One Ltd  H.TO  reported quarterly adjusted earnings
of 62
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 59 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 59 cents per share. Wall Street
expected results to range from 54 cents to 61 cents per share.
    * Revenue rose 13.3% to C$2.19 billion from a year ago;
analysts
expected C$1.98 billion. 
    * Hydro One Ltd's reported EPS for the quarter was 62
cents​.
    * The company reported quarterly net income of C$371
million.
    * Hydro One Ltd shares had fallen by 5.8% this quarter and
gained 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
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 no "strong buy" or "buy," 10
"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$45.00 
This summary was machine generated from LSEG data November 7 at
02:33 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
 Sep. 30 2024      0.59           0.62           Beat
 Jun. 30 2024      0.48           0.49           Beat
 Mar. 31 2024      0.49           0.49           Met
 Dec. 31 2023      0.29           0.30           Beat