Algonquin Power Q1 2024 Adj EPS $0.14 Misses $0.15 Estimate, Sales $737.100M Miss $807.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Algonquin Power (AQN) reported Q1 2024 adjusted EPS of $0.14, missing the $0.15 estimate, and sales of $737.1M, below the $807M estimate. This represents a decrease in earnings of 17.65% and a decrease in sales of 5.33% from the same period last year.

May 10, 2024 | 10:33 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Algonquin Power's Q1 2024 earnings and sales missed estimates, with a significant decrease compared to last year's figures, indicating potential challenges in its operational or market conditions.
Missing both earnings and sales estimates, especially with a notable year-over-year decrease, typically leads to negative investor sentiment in the short term. This could result in downward pressure on AQN's stock price as the market adjusts to the new information suggesting potential operational or market challenges faced by the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100