Brookfield Renewable Q1 2024 GAAP EPS $(0.23) Beats $(0.29) Estimate, Sales $1.492B Beat $1.455B Estimate
Portfolio Pulse from Benzinga Newsdesk
Brookfield Renewable (NYSE:BEPC) reported Q1 2024 earnings with a GAAP EPS of $(0.23), surpassing the $(0.29) estimate, and sales of $1.492B, exceeding the $1.455B estimate. This represents a 155.56% decrease in EPS and a 12.10% increase in sales year-over-year.
May 03, 2024 | 11:13 am
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POSITIVE IMPACT
Brookfield Renewable beats Q1 2024 EPS and sales estimates, with a significant decrease in EPS and increase in sales year-over-year.
BEPC's better-than-expected Q1 2024 earnings and sales figures, especially the beat on both EPS and sales estimates, are likely to be viewed positively by investors. The substantial year-over-year decrease in EPS might raise concerns, but the overall positive earnings report and sales growth could outweigh these, leading to a potential short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100