Emera Inc reports results for the quarter ended December 31 - Earnings Summary

• Emera Inc EMA.TO reported quarterly adjusted earnings of 84 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 63 cents. The mean expectation of eleven analysts for the quarter was for earnings of 76 cents per share. Wall Street expected results to range from 75 cents to 77 cents per share.

• Revenue fell 10.6% to C$1.76 billion from a year ago; analysts expected C$2.03 billion.

• Emera Inc's reported EPS for the quarter was 52 cents​.

• The company reported quarterly net income of C$154 million.

• Emera Inc shares had risen by 5.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 6 "hold" and 1 "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 Emera Inc is C$58.00

This summary was machine generated from LSEG data February 21 at 02:32 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)