- Algonquin Power’s adjusted EPS for the fourth quarter was 6.0 cents, missing analyst estimates of 8.7 cents and falling compared to the previous year’s 16 cents.
- The company’s revenue for the quarter was $584.8 million, a 12% decline from the previous year, and below the expected $638.3 million.
- Adjusted EBITDA came in at $248.6 million, a 26% decrease from the prior year, and short of the anticipated $263 million.
- Analyst recommendations include 2 buys, 10 holds, and 0 sells for Algonquin Power.
A look at Algonquin Power & Utilities Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts utilizing the Smartkarma Smart Scores have provided insights into the long-term outlook for Algonquin Power & Utilities. With a strong score of 5 in the Dividend category, the company is recognized for its robust dividend payments, making it an attractive option for income investors seeking stable returns. Additionally, Algonquin Power & Utilities scored well in the Value category with a score of 4, indicating that the company is potentially undervalued based on certain metrics, which could offer opportunities for capital appreciation in the future.
However, the company received lower scores in the Growth and Resilience categories, with scores of 2 for both factors. This suggests that while Algonquin Power & Utilities might not be a high-growth investment, it does offer a dependable dividend and potential value for investors. With a moderate Momentum score of 3, the company is showing some positive market momentum but still has room for improvement to attract more investors looking for companies with stronger growth prospects.
### Algonquin Power & Utilities Corp. owns and has interests in a diverse portfolio of renewable power generation and sustainable infrastructure assets across North America. The Company’s interests include renewable energy facilities, thermal energy facilities, and water distribution and waste-water facilities. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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