• Algonquin Power & Utilities Corp AQN.TO reported quarterly adjusted earnings of 14 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of ten analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 3 cents to 5 cents per share.

• Revenue fell 28.4% to $692.40 million from a year ago; analysts expected $674.50 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 3.3% this quarter and gained 33.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 104.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Algonquin Power & Utilities Corp is $6.00, about 1.3% above its last closing price of $5.92

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)