- Emera’s adjusted basic EPS for Q2 is C$0.53, missing the estimate of C$0.58 and down from C$0.60 year-over-year.
- The company’s adjusted net income for Q2 is C$151 million, which is a 6.8% decrease year-over-year and below the estimated C$170.8 million.
- Florida Electric Utilities reported an adjusted net income of C$187 million, reflecting a 5.6% increase year-over-year, close to the estimate of C$187.8 million.
- Canadian Electric Utilities reported an adjusted net income of C$42 million, down 14% year-over-year, with an estimate of C$47.5 million.
- Gas Utilities & Infrastructure reported an adjusted net income of C$44 million, up 16% year-over-year, slightly missing the estimate of C$45.1 million.
- Other Electric Utilities reported an adjusted net income of C$8 million, down 20% year-over-year.
- Other adjusted segments reported a net loss of C$130 million, which is a 16% improvement year-over-year but higher than the estimated loss of C$117.5 million.
- Analyst ratings for Emera are comprised of 5 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 | 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. has shown strong performance in key areas according to Smartkarma Smart Scores. With high scores in Value and Dividend, the company is positioned well for long-term stability and returns. The momentum score also indicates positive investor sentiment, reflecting confidence in Emera’s future prospects. However, there are areas for potential improvement, such as Growth and Resilience scores being slightly lower. Overall, Emera Inc. appears to be a solid investment choice with a positive outlook based on these scores.
Emera Inc. is a company that provides diversified energy and services, mainly operating in Nova Scotia, Canada. Its offerings range from electric generation, transmission, and distribution to the provision of bunker oil, diesel fuel, and light fuel. Moreover, Emera plays a key role in delivering Sable Island natural gas to markets in Maritime Canada and the northeastern United States. With its strategic positioning and strong performance in several key areas indicated by the Smartkarma Smart Scores, Emera Inc. shows promise for long-term growth and stability in the energy sector.
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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