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

• Algonquin Power & Utilities Corp AQN.TO reported quarterly adjusted earnings of 14 cents​​ per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of eight analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 9 cents to 11 cents per share.

• Revenue fell 6.1% to $692.40 million from a year ago; analysts expected $651.00 million.

• Algonquin Power & Utilities Corp's reported EPS for the quarter was 12 cents​.

• The company reported quarterly net income of $94.2 million.

• Algonquin Power & Utilities Corp shares had risen by 3.0% this quarter and gained 19.3% so far this year.

FORECAST CHANGES

• 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 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 May 9 at 01:31 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)