Capital Power Corp reports results for the quarter ended June 30 - Earnings Summary

• Capital Power Corp CPX.TO reported a quarterly adjusted loss of 92 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 51 cents. The mean expectation of six analysts for the quarter was for earnings of 59 cents per share. Wall Street expected results to range from 32 cents to 77 cents per share.

• Revenue was C$441.00 million​; analysts expected C$806.00 million.

• Capital Power Corp's reported EPS for the quarter was a loss of 92 cents​.

• The company reported a quarterly loss of C$132 million.

• Capital Power Corp shares had risen by 13.6% this quarter and lost 2.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.8% 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 8 "strong buy" or "buy," 3 "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$63.50, about 1.9% above its last closing price of C$62.28

This summary was machine generated from LSEG data July 30 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)