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

TransAlta

04/08/2023 14:31

* TransAlta Corp  TA.TO  reported quarterly adjusted
earnings of
23 cents​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for earnings of
10 cents per share.
    * Revenue rose 36.5% to C$625.00 million from a year ago;
analysts
expected C$538.18 million. 
    * TransAlta Corp's reported EPS for the quarter was 23
cents​.
    * The mean earnings estimate of analysts had risen by
about 35.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * TransAlta Corp shares had risen by 7.4% this quarter and
gained 10.0% so far this year.
    * The company reported quarterly net income of C$62 million.
    * Wall Street's median 12-month price target for TransAlta
Corp is
C$16.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 01:31 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.10           0.23           Beat
 Mar. 31 2023      0.26           1.10           Beat
 Dec. 31 2022      0.46           -0.61          Missed
 Sep. 30 2022      0.29           0.23           Missed