TransAlta Renewables Inc expected to post earnings of 10cents a share - Earnings Preview

TransAlta Renewables

02/11/2022 18:34

* TransAlta Renewables Inc  RNW.TO   is expected to show a
fall in
quarterly revenue when it reports  results on November 4. 
    * The Calgary Alberta-based  company is expected to report 
a
5.9% decrease in revenue to C$107.3 million from C$114 million a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for TransAlta
Renewables Inc
is for earnings of 10 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 10
"hold" and 1 "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
Renewables Inc is C$17​, above​ its last closing price
of C$14.50. ​​​

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 2022  0.16        0.15       0.05      Missed  -67.6
 Mar. 31 2022  0.20        0.20       0.15      Missed  -24.2
 Dec. 31 2021  0.24        0.25       0.16      Missed  -35​
 Sep. 30 2021  0.13        0.13       0.07      Missed  -44.7
 ​​Jun.        0.20        0.18       0.09      Missed  -51.1
 30 2021                                                
 Mar. 31 2021  0.20        0.21       0.19      Missed  -7.8​
 Dec. 31 2020  0.33        0.29       0.20      Missed  -30.5
 Sep. 30 2020  0.13        0.13       0.02      Missed  -85.1
 This summary was machine generated November 2 at 18:34 GMT.  All
figures in Canadian dollars  unless otherwise stated