Algonquin Power (AQN) To Post Q1 Earnings: What's In Store?
Zacks Investment Research | May 06, 2019 10:20PM ET
Algonquin Power & Utilities Corp. (TO:AQN) is set to release first-quarter 2019 results on May 9, after market close.
In the trailing four quarters, the company delivered an average positive earnings surprise of 22.48%.
Let’s see how things are shaping up at the company prior to this announcement.
Factors in Play
Algonquin Power focuses on expanding global business operations and renewable operations.For 2019, the company plans to invest $1.4-$1.6 billion in both the business groups. We believe strategic acquisitions and investments toward organic growth to boost revenues and margin in the quarter to be reported.
The Zacks Consensus Estimate for total revenues in the first quarter is pegged at $498.08 million, indicating growth of 0.65% from the year-ago quarter number. The consensus mark for earnings stands at 22 cents per share, implying a decline of 31.25% from the prior-quarter’s reported figure.
Algonquin Power & Utilities Corp. Price and EPS Surprise
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