TransAlta Renewables Inc expected to post earnings of 19  cents a share - Earnings Preview

TransAlta Renewables

03/05/2023 19:03

* TransAlta Renewables Inc  RNW.TO   is expected to show a
fall in
quarterly revenue when it reports  results on May 5. 
    * The Calgary Alberta-based  company is expected to report 
a
8.4% decrease in revenue to C$130.967 million from C$143 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for TransAlta
Renewables Inc
is for earnings of 19 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 no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months. ​
    * Wall Street's median 12-month price target for TransAlta
Renewables Inc is C$13.63​, above​ its last closing price
of C$12.65. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  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. 31 2022  0.20        0.20       0.15      Missed  -24.2
 ​​Dec.        0.24        0.25       0.16      Missed  -35
 31 2021                                                
 Sep. 30 2021  0.13        0.13       0.07      Missed  -44.7​
 Jun. 30 2021  0.20        0.18       0.09      Missed  -51.1
 Mar. 31 2021  0.20        0.21       0.19      Missed  -7.8
 This summary was machine generated May 3 at 18:03 GMT.  All
figures in Canadian dollars  unless otherwise stated