Algonquin Power & Utilities Corp reports results for the quarter ended June 30 - Earnings Summary

• Algonquin Power & Utilities Corp AQN.TO reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of eight analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 3 cents to 11 cents per share.

• Revenue fell 11.8% to $692.40 million from a year ago; analysts expected $651.00 million.

• Algonquin Power & Utilities Corp's reported EPS for the quarter was 3 cents​.

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

• Algonquin Power & Utilities Corp shares had risen by 4.1% this quarter and gained 27.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 135.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

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

This summary was machine generated from LSEG data August 8 at 01:30 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)