Algonquin Power & Utilities Corp reports results for the quarter ended in March - Earnings Summary

• Algonquin Power & Utilities Corp AQN reported quarterly adjusted earnings of 14 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 17 cents. The mean expectation of eight analysts for the quarter was for earnings of 15 cents per share. Wall Street expected results to range from 14 cents to 18 cents per share.

• Revenue fell 5.3% to $737.10 million from a year ago; analysts expected $807.00 million.

• Algonquin Power & Utilities Corp's reported EPS for the quarter was a loss of 13 cents​.

• The company reported a quarterly loss of $89.1 million.

• Algonquin Power & Utilities Corp shares had risen by 6.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the multiline utilities peer group is also "hold"

Wall Street's median 12-month price target for Algonquin Power & Utilities Corp is $6.75

This summary was machine generated from LSEG data May 10 at 02:21 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)