Capital Power Corp reports results for the quarter ended March 31 - Earnings Summary

• Capital Power Corp CPX.TO reported quarterly adjusted earnings of C$1.03​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of C$1.57. The mean expectation of seven analysts for the quarter was for earnings of 60 cents per share. Wall Street expected results to range from 34 cents to 85 cents per share.

• Revenue was C$988.00 million​; analysts expected C$858.00 million.

• Capital Power Corp's reported EPS for the quarter was C$1.03​.

• The company reported quarterly net income of C$151 million.

• Capital Power Corp shares had risen by 9.4% this quarter and lost 17.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the independent power producers peer group is also "buy"

• Wall Street's median 12-month price target for Capital Power Corp is C$64.00

This summary was machine generated from LSEG data May 1 at 01:32 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)