TransAlta Corp expected to post earnings of 29  cents a share - Earnings Preview

TransAlta

03/11/2023 15:06

* TransAlta Corp  TA.TO   is expected to show a fall in
quarterly
revenue when it reports  results on November 7. 
    * The Calgary Alberta-based  company is expected to report 
a
33.0% decrease in revenue to C$622.35 million from C$929 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data. 
    * ​Refinitiv's mean analyst estimate for TransAlta Corp is
for
earnings of 29 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "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$16​, above​ its last closing price of C$10.72. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.30        0.29       0.23      Missed  -20.5
 ​​Jun.        0.11        0.13       -0.30     Missed  -335.4
 30 2022                                                
 Mar. 31 2022  0.04        0.11       0.69      Beat    537.4​
 Dec. 31 2021  0.07        0.07       -0.29     Missed  -508.5
 Sep. 30 2021  0.15        0.13       -1.68     Missed  -1,347
                                                        .9
 This summary was machine generated November 3 at 15:06 GMT.  All
figures in Canadian dollars  unless otherwise stated