- Emera’s adjusted basic EPS for 1Q was C$0.76, which was lower than the estimates of C$0.81 and last year’s EPS of C$0.99.
- The company’s adjusted net income was C$216 million, a fall of 19% year on year, and also missed the estimates of C$254 million.
- Florida Electric Utilities saw its adjusted net income fall by 21% year on year to C$85 million, which is falls short of the estimated C$111.4 million.
- Meanwhile, Canadian Electric Utilities’ adjusted net income dropped by 5.4% year on year to C$87 million, also short of the C$99.9 million estimate
- However, Gas Utilities & Infrastructure saw a rise of 4.3% year on year in its adjusted income to C$98 million, which surpassed the estimated C$96.5 million.
- Other Electric Utilities’ adjusted net income stood at C$9 million, higher than the C$4 million of the previous year and exceeding the estimate of C$6.1 million.
- Emera reported an adjusted net loss of C$63 million, which equals the estimates. This loss is higher than the loss of C$29 million reported in the same period the previous year.
- Scott Balfour, President and CEO of Emera Inc, commented that despite lower comparative earnings for the quarter due to weather and an unusually strong prior year’s quarter, the core utilities are still on track to deliver good earnings results for the full year.
- The stock’s performance has been mixed among analysts, with 6 buys, 5 holds and 2 sells.
A look at Emera Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| 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
Emera Inc. has garnered mostly positive Smart Scores, reflecting a solid long-term outlook for the company. With strong ratings in Value and Dividend, Emera demonstrates financial stability and attractive returns for investors. While Growth and Momentum scores slightly lower, the company’s resilience in the face of market challenges is highlighted by a moderate score in that category. Overall, Emera Inc.’s diversified energy and services offerings, including electric generation and transmission in Nova Scotia, underline its position as a reliable player in the industry.
Emera Inc., a provider of diversified energy and services, is well-positioned for the future based on its recent Smart Scores evaluation. The company’s strengths lie in its value and dividend characteristics, indicating a robust financial foundation and shareholder-friendly policies. Despite somewhat lower scores in Growth and Momentum, Emera’s ability to withstand market volatility, as reflected in its Resilience score, speaks to its enduring presence in the energy sector. With a focus on supplying various energy sources in Canada and the United States, Emera Inc. remains a steady player in the industry.
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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