Hydro One Ltd reports results for the quarter ended June 30 - Earnings Summary

• Hydro One Ltd H.TO reported quarterly adjusted earnings of 54 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of ten analysts for the quarter was for earnings of 51 cents per share. Wall Street expected results to range from 47 cents to 53 cents per share.

• Revenue rose 1.7% to C$2.07 billion from a year ago.

• Hydro One Ltd's reported EPS for the quarter was 54 cents​.

• The company reported quarterly net income of C$327 million.

• Hydro One Ltd shares had risen by 2.8% this quarter and gained 13.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.3% 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 "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 "buy."

• Wall Street's median 12-month price target for Hydro One Ltd is C$50.00, about 0.9% below its last closing price of C$50.43

This summary was machine generated from LSEG data August 13 at 06:52 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)