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

TransAlta Renewables

05/05/2023 14:31

* TransAlta Renewables Inc  RNW.TO  reported quarterly
adjusted
earnings of 17 cents​​ per share for the quarter ended in March.
The mean expectation of eight analysts for the quarter was
for earnings of 19 cents per share.
    * Revenue fell 16.8% to C$119.00 million from a year ago;
analysts
expected C$130.97 million. 
    * TransAlta Renewables Inc's reported EPS for the quarter
was 17
cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * TransAlta Renewables Inc shares had risen by 1.5% this
quarter and gained 12.3% so far this year.
    * The company reported quarterly net income of C$45 million.
    * Wall Street's median 12-month price target for TransAlta
Renewables Inc is C$13.63 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
5 at 01:31 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.15           0.05           Missed