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

Northland Power (Ontario)

16/05/2024 05:33

* Northland Power Inc  NPI.TO  reported quarterly adjusted
earnings of 29 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 27 cents.  The mean expectation of five analysts
for the quarter was for earnings of 55 cents per share. Wall
Street expected results to range from 49 cents to 61 cents per
share.
    * Revenue rose 21.4% to C$755.00 million from a year ago;
analysts
expected $704.50 million. 
    * Northland Power Inc's reported EPS for the quarter was 29
cents​.
    * The company reported quarterly net income of $75.6
million.
    * Northland Power Inc shares had fallen by 1.4% this
quarter and
lost 9.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20.4%
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 "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$29.50 
This summary was machine generated from LSEG data May 16 at
04:33 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
 Mar. 31 2024      0.55           0.29           Missed
 Dec. 31 2023      0.42           -1.13          Missed
 Sep. 30 2023      0.13           0.14           Beat
 Jun. 30 2023      0.11           0.01           Missed