Brookfield Renewable Q1 2024 FFO $0.45 Beats $0.44 Estimate, Sales $1.492B Beat $1.455B Estimate
Portfolio Pulse from Benzinga Newsdesk
Brookfield Renewable (NYSE:BEP) reported Q1 2024 FFO of $0.45 per share, surpassing the $0.44 estimate, with sales of $1.492B also beating the $1.455B estimate, marking a 12.10% increase from the previous year.
May 03, 2024 | 11:00 am
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POSITIVE IMPACT
Brookfield Renewable beats Q1 2024 earnings and sales estimates, showing significant year-over-year growth.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported year-over-year sales growth of 12.10% further strengthens the case for a positive outlook on BEP's stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100