- Canadian Utilities reported an adjusted net income of C$102 million for the third quarter.
- This figure surpassed the market estimate of C$93.8 million.
- The company’s adjusted earnings per share (EPS) came in at C$0.38.
- This EPS also exceeded the projected C$0.34 per share.
- Analyst recommendations include 1 buy and 5 hold ratings, with no sell ratings.
A look at Canadian Utilities Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
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
Canadian Utilities Limited, a company engaged in various aspects of the utility sector, has received a mix of Smart Scores indicating its long-term outlook. With strong momentum and high scores in dividend and growth factors, Canadian Utilities seems well-positioned for future success. The company’s ability to generate steady dividends and exhibit growth potential bodes well for investors looking for stable returns.
However, the company’s lower score in resilience raises some concerns about its ability to withstand economic shocks or operational challenges. Despite this, Canadian Utilities‘ overall Smart Scores paint a positive picture, suggesting a promising outlook for the company in the long term. Investors may find Canadian Utilities an attractive option in the utility sector based on its solid performance across various factors.
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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