Algonquin Power & Utilities (AQN) Q2 Earnings Meet Estimates

Core Insights - Algonquin Power & Utilities reported quarterly earnings of $0.04 per share, matching the Zacks Consensus Estimate, but down from $0.09 per share a year ago [1] - The company posted revenues of $527.8 million for the quarter, missing the Zacks Consensus Estimate by 0.44% and down from $598.63 million year-over-year [2] - The stock has increased approximately 33% since the beginning of the year, outperforming the S&P 500's gain of 7.8% [3] Earnings Performance - The company has surpassed consensus EPS estimates only once in the last four quarters [1][2] - The current consensus EPS estimate for the upcoming quarter is $0.06, with expected revenues of $592.18 million, and for the current fiscal year, the estimate is $0.31 on $2.42 billion in revenues [7] Market Outlook - The earnings outlook and estimate revisions trend for Algonquin Power & Utilities were favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock [6] - The Utility - Electric Power industry is currently in the top 35% of Zacks industries, indicating a positive outlook for stocks within this sector [8]