Algonquin Power Q3 Adj EPS $0.11 Misses $0.12 Estimate, Sales $624.70M Miss $670.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Algonquin Power (NYSE:AQN) reported Q3 adjusted earnings of $0.11 per share, missing the analyst consensus estimate of $0.12 by 8.33%. The company also reported quarterly sales of $624.70 million, missing the analyst consensus estimate of $670.67 million by 6.85%. This represents a 6.30% decrease over sales of $666.70 million the same period last year.
November 10, 2023 | 11:48 am
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Algonquin Power's Q3 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term.
Algonquin Power's earnings and sales for Q3 have both missed analyst estimates. This underperformance could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100