TransAlta Renewables Inc expected to post earnings of 16  cents a share - Earnings Preview

TransAlta Renewables

01/08/2023 15:01

* TransAlta Renewables Inc  RNW.TO   is expected to show a
fall in
quarterly revenue when it reports  results on August 3. 
    * The Calgary Alberta-based  company is expected to report 
a
15.2% decrease in revenue to C$117.845 million from C$139
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 16 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"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$13​, below​ its last closing price
of C$13.42. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.19        0.19       0.17      Missed  -11.9
 Dec. 31 2023  0.22        0.25       0.15      Missed  -39.2
 Sep. 30 2022  0.09        0.10       -0.07     Missed  -170​
 Jun. 30 2022  0.16        0.15       0.05      Missed  -67.6
 ​​Mar.        0.20        0.20       0.15      Missed  -24.2
 31 2022                                                
 Dec. 31 2021  0.24        0.25       0.16      Missed  -35​
 Sep. 30 2021  0.13        0.13       0.07      Missed  -44.7
 Jun. 30 2021  0.20        0.18       0.09      Missed  -51.1
 This summary was machine generated August 1 at 14:01 GMT.  All
figures in Canadian dollars  unless otherwise stated