Innergex Renewable Energy Inc reports results for the quarter ended December 31 - Earnings Summary

• Innergex Renewable Energy Inc INE.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 -4 cents. The mean expectation of three analysts for the quarter was for a loss of 2 cents per share. Wall Street expected results to range from -4 cents to -1 cents per share.

• Revenue rose 9.4% to C$286.06 million from a year ago; analysts expected C$254.40 million.

• Innergex Renewable Energy Inc's reported EPS for the quarter was 14 cents​.

• The company reported quarterly net income of C$33.33 million.

• Innergex Renewable Energy Inc shares had fallen by 4.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 600.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

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

Wall Street's median 12-month price target for Innergex Renewable Energy Inc is C$11.00

This summary was machine generated from LSEG data February 20 at 02:51 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)