TransAlta Q2 EPS $0.13 Beats $0.07 Estimate, Sales $425.41M Beat $331.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
TransAlta (NYSE:TAC) reported Q2 earnings per share of $0.13, beating the analyst estimate of $0.07 by 85.71%. Sales were $425.41 million, surpassing the $331.77 million estimate by 28.23%. However, both EPS and sales were down compared to the same period last year.
August 01, 2024 | 11:14 am
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TransAlta's Q2 earnings per share of $0.13 beat the analyst estimate of $0.07 by 85.71%, and sales of $425.41 million surpassed the $331.77 million estimate by 28.23%. Despite this, both EPS and sales were down compared to the same period last year.
TransAlta's earnings and sales significantly beat analyst estimates, which is a positive indicator for the stock in the short term. However, the year-over-year decline in both metrics may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100