Earnings Outlook For Algonquin Power
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. Investors are looking for an earnings beat and positive guidance for the next quarter. The company's past earnings performance shows mixed results, with a slight miss last quarter leading to no change in share price. Over the last year, AQN shares have declined by 18.24%, indicating a bearish sentiment among long-term shareholders.
March 07, 2024 | 2:01 pm
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NEUTRAL IMPACT
Algonquin Power is expected to report an EPS of $0.14 for the upcoming quarter. Investors are hopeful for an earnings beat and positive guidance, despite a bearish trend over the past year with an 18.24% decline in share price.
The expected EPS of $0.14 and investor anticipation for positive guidance could stabilize the stock price in the short term. However, the past year's negative performance and the slight miss in the last quarter's EPS may temper expectations. The short-term impact is neutral due to these balancing factors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100