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

TransAlta Renewables

05/05/2022 17:45

* TransAlta Renewables Inc  RNW.TO  reported quarterly
adjusted
earnings of 15 cents​​ per share for the quarter ended in March.
The mean expectation of eight analysts for the quarter was
for earnings of 20 cents per share.
    * Revenue rose 13.5% to C$143.00 million from a year ago; 
analysts expected C$125.50 million. 
    * TransAlta Renewables Inc's reported EPS for the quarter
was 15
cents​.
    * The mean earnings estimate of analysts had risen by
about 3.9%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * TransAlta Renewables Inc shares had fallen by 1.8% this
quarter and lost 3.3% so far this year.
    * The company reported quarterly net income of C$41 million.
    * Wall Street's median 12-month price target for TransAlta
Renewables Inc is C$19.00 
    * 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." 

This summary was machine generated May 5 at 04:45 p.m.  ​All
figures in Canadian dollars unless otherwise stated