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

• Boralex Inc BLX.TO reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of four analysts for the quarter was for earnings of 41 cents per share. Wall Street expected results to range from 31 cents to 47 cents per share.

• Revenue fell 27.6% to C$228.00 million from a year ago; analysts expected C$263.25 million.

• Boralex Inc's reported EPS for the quarter was a loss of 15 cents​.

• The company reported a quarterly loss of C$16 million.

• Boralex Inc shares had risen by 3.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 22.4% 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 8 "strong buy" or "buy," 1 "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 Boralex Inc is C$41.00

This summary was machine generated from LSEG data February 28 at 01:54 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)