TransAlta Renewables Inc expected to post earnings of 18 cents a share - Earnings Preview

TransAlta Renewables

04/08/2021 03:49

* TransAlta Renewables Inc  RNW.TO   RNW.TO  is expected to show
a rise in quarterly revenue when it reports results on August 3
(estimated). 
* The Calgary, Alberta-based company is expected to report   a
17.0% increase in revenue to C$120.488 million from C$103
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 18 cents per share. For the same quarter
last year, the company reported earnings of 11 cents per share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is no "strong buy" or "buy," 12
"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$21​, about 6.3% below​ its last closing
price of C$22.33. ​​​
* Previous quarterly performance (using preferred earnings
measure in Canadian dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 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​
 Jun. 30 2020  0.18        0.19       0.11      Missed  -42.1
 Mar.          0.24​       0.23       0.01      Missed  -95.7​
 31​ 2020​                                              
 Dec. 31 2019  0.23        0.24       0.19      Missed  -21.5​
 Sep. 30 2019  0.16        0.15       0.10      Missed  -33.3
 Jun. 30 2019  0.17        0.17       0.08      Missed  -36.8
 This summary was machine generated August 4 at 02:49 GMT.  All
figures in Canadian dollars unless otherwise stated