Northland Power Inc (Ontario) reports results for the quarter ended June 30 - Earnings Summary

• Northland Power Inc (Ontario) NPI.TO reported a quarterly adjusted loss of 25 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 95 cents. The mean expectation of six analysts for the quarter was for earnings of 17 cents per share. Wall Street expected results to range from 12 cents to 21 cents per share.

• Revenue fell 3.8% to C$509.13 million from a year ago; analysts expected C$518.00 million.

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

• The company reported a quarterly loss of C$62.74 million.

• Northland Power Inc (Ontario) shares had risen by 3.0% this quarter and gained 23.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.6% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 1 "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, about 21% above its last closing price of C$22.13

This summary was machine generated from LSEG data August 14 at 01:32 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)