Algonquin Power & Utilities (US:AQN) Zacks Investment Researchยท2024-03-01 16:00Core Viewpoint - Algonquin Power & Utilities (AQN) is anticipated to report a year-over-year decline in earnings due to lower revenues, with the earnings report expected on March 8, 2024, which could significantly influence the stock price depending on the actual results compared to estimates [1][2]. Earnings Estimates - The consensus estimate for quarterly earnings is $0.14 per share, reflecting a year-over-year decrease of 36.4% [2]. - Expected revenues are projected at $743 million, a decline of 0.7% from the same quarter last year [2]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly reassessed their initial estimates during this period [2]. - The Most Accurate Estimate for Algonquin Power & Utilities is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -11.97%, suggesting a bearish outlook from analysts [4][5]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank of 1, 2, or 3 [4]. - Algonquin Power & Utilities currently holds a Zacks Rank of 4, making it challenging to predict an earnings beat conclusively [5][6]. Historical Performance - In the last reported quarter, Algonquin Power & Utilities met the expected earnings of $0.11 per share, resulting in no surprise [7]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [7]. Conclusion - The combination of a negative Earnings ESP and a Zacks Rank of 4 suggests that Algonquin Power & Utilities may not be a compelling candidate for an earnings beat [6][8]. - Investors are advised to consider other factors beyond earnings expectations when evaluating the stock ahead of its earnings release [8].