TransAlta Renewables Inc expected to post earnings of 20  cents a share - Earnings Preview

TransAlta Renewables

02/05/2022 19:35

* TransAlta Renewables Inc  RNW.TO   is expected to show a
fall in
quarterly revenue when it reports  results on May 4. 
    * The Calgary Alberta-based  company is expected to report 
a
0.4% decrease in revenue to C$125.502 million from C$126 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 20 cents per share. For the same quarter last
year, the company reported earnings of 19 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 no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months. ​
    * Wall Street's median 12-month price target for TransAlta
Renewables Inc is C$19​, above​ its last closing price
of C$17.82. ​​​
    * 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 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​
 Mar. 31 2021  0.20        0.21       0.19      Missed  -7.8
 ​​Dec.        0.33        0.29       0.20      Missed  -30.5
 31 2020                                                
 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. 31 2020  0.24        0.23       0.01      Missed  -95.7
 This summary was machine generated May 2 at 18:34 GMT.  All
figures in Canadian dollars  unless otherwise stated