Northland Power Inc (Ontario) reports results for the quarter ended March 31 - Earnings Summary

• Northland Power Inc (Ontario) NPI.TO reported quarterly adjusted earnings of 25 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of five analysts for the quarter was for earnings of 44 cents per share. Wall Street expected results to range from 37 cents to 49 cents per share.

• Revenue fell 14.1% to C$648.52 million from a year ago; analysts expected C$663.43 million.

• Northland Power Inc (Ontario)'s reported EPS for the quarter was 25 cents​.

• The company reported quarterly net income of C$66.83 million.

• Northland Power Inc (Ontario) shares had risen by 0.4% this quarter and gained 10.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.5% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "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 Northland Power Inc (Ontario) is C$28.00

This summary was machine generated from LSEG data May 14 at 12:38 a.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)