See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
NextEra Energy, Inc. (NEE) - free report >>
DTE Energy Company (DTE) - free report >>
American Electric Power Company, Inc. (AEP) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NextEra Energy, Inc. (NEE) - free report >>
DTE Energy Company (DTE) - free report >>
American Electric Power Company, Inc. (AEP) - free report >>
Image: Bigstock
Algonquin Power & Utilities (AQN) Q3 Earnings Meet Estimates
Algonquin Power & Utilities Corp. (AQN - Free Report) delivered third-quarter 2018 operating earnings of 10 cents per share, in line with the Zacks Consensus Estimate. Quarterly earnings fell 23% year over year.
Total Revenues
Algonquin Power & Utilities generated total revenues of $366.5 million in third-quarter 2018, which beat the Zacks Consensus Estimate of $353.5 million by 3.8%. Revenues increased 3.6% from $353.7 million in the year-ago quarter.
Algonquin Power & Utilities Corp. Price, Consensus and EPS Surprise
Algonquin Power & Utilities Corp. Price, Consensus and EPS Surprise | Algonquin Power & Utilities Corp. Quote
Highlights of the Release
Algonquin Power & Utilities’ adjusted EBITDA in the third quarter was $164.2 million, up 4.1% year over year.
In the third quarter, Algonquin Power & Utilities’ adjusted Funds from Operations came in at $127.7 million, up 22% on a year-over-year basis.
Net cash provided from operating activities was $131.5 million in the quarter under review compared with $98.4 million in the third quarter of 2017.
Zacks Rank
Algonquin Power & Utilities carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Utility Releases
NextEra Energy (NEE - Free Report) reported third-quarter 2018 adjusted earnings of $2.18 per share, beating the Zacks Consensus Estimate of $2.17 by 0.46%.
DTE Energy Company (DTE - Free Report) reported third-quarter 2018 operating EPS of $2.13, which beat the Zacks Consensus Estimate of $1.74 by 22.4%.
American Electric Power Co (AEP - Free Report) reported third-quarter 2018 operating EPS of $1.25, which beat the Zacks Consensus Estimate of $1.23 by 1.6%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>