Innergex Renewable Energy Inc <INE.TO> expected to post a loss of 2 cents a share - Earnings Preview
Innergex Renewable Energy Inc INE.TO is expected to show a fall in quarterly revenue when it reports results on February 19 for the period ending December 31 2024
The Longueuil Quebec-based company is expected to report a 2.7% decrease in revenue to C$254.4 million from C$261.53 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.
LSEG's mean analyst estimate for Innergex Renewable Energy Inc is for a loss of 2 cents per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Innergex Renewable Energy Inc is C$11.00, above its last closing price of C$7.45.
Previous quarterly performance (using preferred earnings measure in Canadian dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 0.01 | 0.03 | 0.06 | Beat | 100 |
Jun. 30 2024 | -0.01 | 0.00 | -0.02 | Missed | -500.6 |
Mar. 31 2024 | -0.08 | -0.08 | -0.11 | Missed | -37.5 |
Dec. 31 2023 | -0.04 | -0.04 | -0.04 | Met | -9.1 |
Sep. 30 2023 | 0.10 | 0.10 | 0.03 | Missed | -68.4 |
Jun. 30 2023 | 0.07 | 0.08 | 0.05 | Missed | -33.3 |
Mar. 31 2023 | -0.09 | -0.04 | -0.06 | Missed | -57.9 |
Dec. 31 2022 | -0.11 | -0.04 | -0.15 | Missed | -260 |
This summary was machine generated February 17 at 21:53 GMT. All figures in Canadian 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)
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