Time New York: Sat 17 Nov 20:30 pm  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Algonquin Power & Utilities (AQN) Q3 Earnings Meet Estimates

Zacks

Algonquin Power & Utilities Corp. AQN delivered third-quarter 2018 operating earnings of 10 cents per share, in line with the Zacks Consensus Estimate. Quarterly earnings fell 23% year over year.

Total Revenues

Algonquin Power & Utilities generated total revenues of $366.5 million in third-quarter 2018, which beat the Zacks Consensus Estimate of $353.5 million by 3.8%. Revenues increased 3.6% from $353.7 million in the year-ago quarter.

Algonquin Power & Utilities Corp. Price, Consensus and EPS Surprise


Algonquin Power & Utilities Corp. Price, Consensus and EPS Surprise | Algonquin Power & Utilities Corp. Quote

Highlights of the Release

Algonquin Power & Utilities’ adjusted EBITDA in the third quarter was $164.2 million, up 4.1% year over year.

In the third quarter, Algonquin Power & Utilities’ adjusted Funds from Operations came in at $127.7 million, up 22% on a year-over-year basis.

Net cash provided from operating activities was $131.5 million in the quarter under review compared with $98.4 million in the third quarter of 2017.

Zacks Rank

Algonquin Power & Utilities carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Utility Releases

NextEra Energy NEE reported third-quarter 2018 adjusted earnings of $2.18 per share, beating the Zacks Consensus Estimate of $2.17 by 0.46%.

DTE Energy Company DTE reported third-quarter 2018 operating EPS of $2.13, which beat the Zacks Consensus Estimate of $1.74 by 22.4%.

American Electric Power Co AEP reported third-quarter 2018 operating EPS of $1.25, which beat the Zacks Consensus Estimate of $1.23 by 1.6%.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.