Hydro One Ltd reports results for the quarter ended December 31 - Earnings Summary

• Hydro One Ltd H.TO reported quarterly adjusted earnings of 33 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 30 cents. The mean expectation of nine analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 30 cents to 32 cents per share.

• Revenue rose 5.9% to C$2.10 billion from a year ago; analysts expected C$1.87 billion.

• Hydro One Ltd's reported EPS for the quarter was 33 cents​.

• The company reported quarterly net income of C$200 million.

• Hydro One Ltd shares had risen by 0.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 10 "hold" and 2 "sell" or "strong sell."

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

Wall Street's median 12-month price target for Hydro One Ltd is C$45.00

This summary was machine generated from LSEG data February 20 at 02:30 p.m. UTC. ​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)