Algonquin Power & Utilities (TSE:AQN) Second Quarter 2024 Results
Key financial results
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Revenue: $598.6 million (down 4.7% from Q2 2023).
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Net income: $198.1 million (after a loss of $255.3 million in Q2 2023).
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Profit margin: 33% (after the net loss in Q2 2023).
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Earnings per share: $0.28 (after a loss of $0.37 in Q2 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Algonquin Power & Utilities earnings per share exceed expectations, sales fall short of expectations
Sales missed analysts’ estimates by 5.9%. Earnings per share (EPS) exceeded analysts’ estimates by 111%.
Average sales growth of 3.5% per annum is expected for the next three years. In the North American integrated utility sector, however, growth of 5.3% is forecast.
Development of the market in Canada.
The company’s share price fell 13% compared to the previous week.
Risk analysis
We don’t want to spoil the fun too much, but we also noticed 4 warning signs for Algonquin Power & Utilities (2 make us uncomfortable!) that you need to be aware of.
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