Northland Power Inc reports results for the quarter ended in June - Earnings Summary

Northland Power (Ontario)

11/08/2023 03:49

* Northland Power Inc  NPI.TO  reported quarterly adjusted
earnings of 1 cent​​ per share for the quarter ended in June.
The mean expectation of ten analysts for the quarter was
for earnings of 11 cents per share.
    * Revenue fell 15.3% to C$471.55 million from a year ago;
analysts
expected C$453.02 million. 
    * Northland Power Inc's reported EPS for the quarter was 1
cent​.
    * The mean earnings estimate of analysts had fallen by
about 28.5%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Northland Power Inc shares had fallen by 12.2% this
quarter and
lost 34.7% so far this year.
    * The company reported quarterly net income of C$4.43
million.
    * Wall Street's median 12-month price target for Northland
Power
Inc is C$37.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 11 at 02:49 a.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.11           0.01           Missed
 Mar. 31 2023      0.50           0.27           Missed
 Dec. 31 2022      0.44           1.12           Beat
 Sep. 30 2022      0.21           0.33           Beat