Algonquin Power & Utilities Corp reports results for the quarter ended December 31 - Earnings Summary

• Algonquin Power & Utilities Corp AQN.TO reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of eight analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from 6 cents to 10 cents per share.

• Revenue fell 12.3% to $584.80 million from a year ago; analysts expected $607.00 million.

• Algonquin Power & Utilities Corp's reported EPS for the quarter was a loss of 34 cents​.

• The company reported a quarterly loss of $197 million.

• Algonquin Power & Utilities Corp shares had risen by 7.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.3% 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 "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."

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

Wall Street's median 12-month price target for Algonquin Power & Utilities Corp is $5.50

This summary was machine generated from LSEG data March 7 at 02:30 p.m. UTC. ​All figures in US 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)