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

Northland Power (Ontario)

15/08/2024 08:39

* Northland Power Inc  NPI.TO  reported quarterly adjusted
earnings of 95 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 1 cents.  The mean expectation of six analysts
for the quarter was for earnings of 17 cents per share. Wall
Street expected results to range from 5 cents to 22 cents per
share.
    * Revenue rose 12.2% to C$528.97 million from a year ago;
analysts
expected C$525.07 million. 
    * Northland Power Inc's reported EPS for the quarter was 95
cents​.
    * The company reported quarterly net income of $246.09
million.
    * Northland Power Inc shares had risen by 0.6% this
quarter and
lost 1.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.6%
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 "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the independent
power
producers peer group is also "buy"

Wall Street's median 12-month price target for Northland Power
Inc is C$30.00 
This summary was machine generated from LSEG data August 15 at
07:39 a.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      0.17           0.95           Beat
 Mar. 31 2024      0.55           0.29           Missed
 Dec. 31 2023                     -1.13          
 Sep. 30 2023      0.13           0.14           Beat