TransAlta Corp expected to post earnings of 19 cents a share - Earnings Preview

TransAlta

21/02/2024 13:34

* TransAlta Corp  TA.TO   is expected to show a fall in
quarterly
revenue when it reports  results on February 23 for the period
ending December 31 2023
    * The Calgary Alberta-based  company is expected to report a
51.5% decrease in revenue to C$414.46 million from C$854 million
a year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for TransAlta Corp is for
earnings
of 19 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for TransAlta
Corp is
C$15.00​, above​ its last closing price of C$9.26. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.50        0.34       1.41      Beat    316.8
 Jun. 30 2023  0.10        0.10       0.23      Beat    134.7
 Mar. 31 2023  0.29        0.26       1.10      Beat    316.3​
 Dec. 31 2022  0.46        0.46       -0.61     Missed  -231.9
 ​​Sep.        0.30        0.29       0.23      Missed  -20.5
 30 2022                                                
 Jun. 30 2022  0.11        0.13       -0.30     Missed  -335.4
                                                        ​
 Mar. 31 2022  0.04        0.11       0.69      Beat    537.4
 Dec. 31 2021  0.07        0.07       -0.29     Missed  -508.5
 This summary was machine generated February 21 at 13:34 GMT. 
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)