Emera Q4 2023 Adj EPS C$0.76 Beats C$0.71 Estimate, Sales C$2.018 Miss C$2.101B Estimate
Portfolio Pulse from Benzinga Newsdesk
Emera reported Q4 2023 adjusted EPS of C$0.76, surpassing the C$0.71 estimate but marking a 23.23% decrease from last year. Sales of C$2.018B missed the C$2.101B estimate, a 100% decrease from the previous year.
May 13, 2024 | 10:47 am
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NEUTRAL IMPACT
Emera's Q4 2023 earnings surpassed estimates but showed a significant year-over-year decline in both EPS and sales.
While Emera's EPS beat estimates, the significant year-over-year decline in both earnings and sales could concern investors. The mixed results—beating EPS estimates but missing on sales and showing a decrease from the previous year—suggest a neutral short-term impact. The beat on EPS estimates could be seen positively, but the overall decline in financial performance year-over-year and missing sales estimates might temper any potential positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100