Hydro One Ltd reports results for the quarter ended March 31 - Earnings Summary

• Hydro One Ltd H.TO reported quarterly adjusted earnings of 60 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of eleven analysts for the quarter was for earnings of 54 cents per share. Wall Street expected results to range from 51 cents to 56 cents per share.

• Revenue rose 11.2% to C$2.41 billion from a year ago.

• Hydro One Ltd's reported EPS for the quarter was 60 cents​.

• The company reported quarterly net income of C$358 million.

• Hydro One Ltd shares had risen by 8.7% this quarter and gained 18.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 11.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 10 "hold" and 2 "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 Hydro One Ltd is C$48.00

This summary was machine generated from LSEG data May 9 at 12:32 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)