TransAlta Corp reports results for the quarter ended in December - Earnings Summary

TransAlta

23/02/2024 14:31

* TransAlta Corp  TA.TO  reported a quarterly adjusted loss
of 27
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -61
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 19 cents per share. Wall Street expected
results to range from 13 cents to 28 cents per share.
    * Revenue fell 26.9% to C$624.00 million from a year ago;
analysts
expected C$414.46 million. 
    * TransAlta Corp's reported EPS for the quarter was a loss
of 27
cents​.
    * The company reported a quarterly loss of C$84 million.
    * TransAlta Corp shares had fallen by 14.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 26.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the independent
power
producers peer group is also "buy"

Wall Street's median 12-month price target for TransAlta Corp is
C$15.00 
This summary was machine generated from LSEG data February 23 at
02:31 p.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
 Dec. 31 2023      0.19           -0.27          Missed
 Sep. 30 2023      0.34           1.41           Beat
 Jun. 30 2023      0.10           0.23           Beat
 Mar. 31 2023      0.26           1.10           Beat