TransAlta Renewables Inc reports results for the quarter ended in June - Earnings Summary

TransAlta Renewables

08/08/2022 14:32

* TransAlta Renewables Inc  RNW.TO  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended in June.
The mean expectation of eight analysts for the quarter was
for earnings of 15 cents per share.
    * Revenue rose 51.1% to C$139.00 million from a year ago;
analysts
expected C$113.76 million. 
    * TransAlta Renewables Inc's reported EPS for the quarter
was 5
cents​.
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * TransAlta Renewables Inc shares had risen by 9.7% this
quarter and lost 3.7% so far this year.
    * The company reported quarterly net income of C$13 million.
    * Wall Street's median 12-month price target for TransAlta
Renewables Inc is C$18.50 
    * 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." 

This summary was machine generated from Refinitiv data August 8
at 01:32 p.m.  ​All figures in Canadian dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.15           0.05           Missed
 Mar. 31 2022      0.20           0.15           Missed
 Dec. 31 2021      0.25           0.16           Missed
 Sep. 30 2021      0.13           0.07           Missed