Q: whats your thoughts about their recent earnings report? why the drop in SP?
5i Research Answer:
EPS of $0.99 beat estimates of $0.9414 and revenues of $2.43B beat estimates of $1.98B. EPS grew by 8% for the quarter, due to a higher marketing and trading margin at Emera Energy Services. Management is confident in its strong start to 2023, These were strong results and analysts mostly maintained their ratings flat, with the exception of a couple of price target increases. We feel the decline is mostly due to a broader decline in the Canadian markets over the past few days, and recent weak performance in Canadian utilities companies. We feel investors should be pleased with these results.