Q: Some analysis of Algonquin’s most recent earnings please.
5i Research Answer:
EPS of 4c matched estimates; revenue of $527.8M was 0.8% below estimates of $532.1M. EBITDA of $171.8M missed estimates by 20%. Year guidance was largely maintained, at 30c to 32c, vs 31c estimates. Net income fell sharply due to the sale ot Atlantica. Adjusted earnings per share did fall too, however, from 6c. With largely inline results, we do not see major concerns here. The stock has done well this year and is getting some renewed interest again after its dividend cuts.