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

TransAlta Renewables

03/08/2023 16:07

* TransAlta Renewables Inc  RNW.TO  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended in June.
The mean expectation of nine analysts for the quarter was
for earnings of 16 cents per share.
    * Revenue fell 28.8% to C$99.00 million from a year ago;
analysts
expected C$117.84 million. 
    * TransAlta Renewables Inc's reported EPS for the quarter
was 5
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * TransAlta Renewables Inc shares had risen by 17.7% this
quarter and gained 19.0% 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$13.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 03:06 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.16           0.05           Missed
 Mar. 31 2023      0.19           0.17           Missed
 Dec. 31 2022      0.25           0.15           Missed
 Sep. 30 2022      0.10           -0.07          Missed