- Emera’s adjusted basic EPS for the fourth quarter was C$0.84, surpassing both last year’s C$0.63 and the estimated C$0.76.
- Adjusted net income rose by 41% year-over-year to C$246 million, exceeding the forecasted C$225.6 million.
- Florida Electric Utilities reported an adjusted net income of C$120 million, a 4.3% increase from the previous year, although below the estimate of C$138.6 million.
- Canadian Electric Utilities saw a 13% rise in adjusted net income, reaching C$77 million, which was above the projected C$67.3 million.
- Gas Utilities & Infrastructure achieved an adjusted income of C$87 million, up 47% year-over-year, beating the expected C$84.5 million.
- Other Electric Utilities recorded an adjusted net income of C$21 million, a significant increase from C$4 million year-over-year.
- The other segment posted an adjusted net loss of C$59 million, improving by 17% from the previous year and better than the anticipated loss of C$71.6 million.
- Basic EPS dropped to C$0.52 from C$1.04 last year and was below the estimate of C$0.77.
- Analyst recommendations for Emera included 6 buys, 6 holds, and 2 sells.
A look at Emera Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
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
Emera Inc. is receiving a solid overall outlook based on the Smartkarma Smart Scores. With a strong Value and Dividend score of 4, it indicates that the company is valued well and offers attractive dividend returns. The Momentum score of 4 shows that Emera is building positive traction in the market. However, the Growth score of 3 suggests room for improvement in terms of expansion opportunities. The Resilience score of 2 indicates some vulnerability that the company may need to address in the long run.
Emera Inc. provides diversified energy and services through its subsidiaries, with a focus on electric generation, transmission, and distribution in Nova Scotia, Canada. The company also plays a crucial role in delivering bunker oil, diesel fuel, and light fuel. Moreover, Emera is involved in supplying Sable Island natural gas to key markets in Maritime Canada and the northeastern United States. Overall, Emera Inc. is positioned well in the energy sector with room for growth and improvement in resilience for long-term success.
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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