Algonquin Power's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Algonquin Power (NYSE:AQN) is scheduled to release its quarterly earnings report on March 8, 2024, with an expected EPS of $0.14. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. The company's past earnings performance shows a mix of hits and misses, with the share price reacting variably. Currently, shares are trading at $5.98, marking an 18.24% decline over the last year, indicating a bearish sentiment among long-term shareholders.
March 07, 2024 | 2:00 pm
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Algonquin Power is expected to report an EPS of $0.14 for the upcoming quarter. Past performance shows mixed results, with the stock price currently down 18.24% over the last year.
The expected EPS of $0.14 sets a cautious tone for investors, especially considering the company's mixed past performance and the current bearish sentiment reflected in the 18.24% annual decline in stock price. The short-term impact is neutral as the market may have already priced in the expectations, but any positive or negative surprises in the earnings report or future guidance could sway the stock price significantly.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100