Brookfield Renewable Energy Partners (BEP - Free Report) reported $875 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 13.3%. EPS of -$0.23 for the same period compares to -$0.09 a year ago.
The reported revenue represents a surprise of +5.63% over the Zacks Consensus Estimate of $828.39 million. With the consensus EPS estimate being $0.01, the EPS surprise was -2400.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Brookfield Renewable performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Actual Generation - Wind - Total: 2,128 GWh versus 2,328.92 GWh estimated by eight analysts on average.
- Actual Generation - Total: 8,461 GWh versus the eight-analyst average estimate of 8,564.3 GWh.
- Actual Generation - Hydroelectric - North America: 3,621 GWh versus the eight-analyst average estimate of 3,262 GWh.
- Actual Generation - Distributed energy & sustainable solutions: 284 GWh versus the seven-analyst average estimate of 300.87 GWh.
- Actual Generation - Solar: 720 GWh compared to the 783.81 GWh average estimate based on seven analysts.
- Operating Revenue- Solar: $93 million versus $110.14 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +5.7% change.
- Revenues- Hydroelectric: $441 million versus the nine-analyst average estimate of $405.39 million. The reported number represents a year-over-year change of -4.6%.
- Operating Revenue- Distributed energy & sustainable solutions: $52 million versus $95.47 million estimated by nine analysts on average.
- Revenues- Wind: $170 million versus $179.21 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +18.9% change.
- Operating Revenue- Hydroelectric- Colombia: $79 million compared to the $68.02 million average estimate based on eight analysts. The reported number represents a change of +19.7% year over year.
- Operating Revenue- Hydroelectric- Brazil: $59 million versus the eight-analyst average estimate of $59.76 million. The reported number represents a year-over-year change of -3.3%.
- Operating Revenue- Hydroelectric- North America: $303 million versus $281.09 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -9.6% change.
View all Key Company Metrics for Brookfield Renewable here>>>Shares of Brookfield Renewable have returned +7.9% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Brookfield Renewable Energy Partners (BEP - Free Report) reported $875 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 13.3%. EPS of -$0.23 for the same period compares to -$0.09 a year ago.
The reported revenue represents a surprise of +5.63% over the Zacks Consensus Estimate of $828.39 million. With the consensus EPS estimate being $0.01, the EPS surprise was -2400.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Brookfield Renewable performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Actual Generation - Wind - Total: 2,128 GWh versus 2,328.92 GWh estimated by eight analysts on average.
- Actual Generation - Total: 8,461 GWh versus the eight-analyst average estimate of 8,564.3 GWh.
- Actual Generation - Hydroelectric - North America: 3,621 GWh versus the eight-analyst average estimate of 3,262 GWh.
- Actual Generation - Distributed energy & sustainable solutions: 284 GWh versus the seven-analyst average estimate of 300.87 GWh.
- Actual Generation - Solar: 720 GWh compared to the 783.81 GWh average estimate based on seven analysts.
- Operating Revenue- Solar: $93 million versus $110.14 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +5.7% change.
- Revenues- Hydroelectric: $441 million versus the nine-analyst average estimate of $405.39 million. The reported number represents a year-over-year change of -4.6%.
- Operating Revenue- Distributed energy & sustainable solutions: $52 million versus $95.47 million estimated by nine analysts on average.
- Revenues- Wind: $170 million versus $179.21 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +18.9% change.
- Operating Revenue- Hydroelectric- Colombia: $79 million compared to the $68.02 million average estimate based on eight analysts. The reported number represents a change of +19.7% year over year.
- Operating Revenue- Hydroelectric- Brazil: $59 million versus the eight-analyst average estimate of $59.76 million. The reported number represents a year-over-year change of -3.3%.
- Operating Revenue- Hydroelectric- North America: $303 million versus $281.09 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -9.6% change.
View all Key Company Metrics for Brookfield Renewable here>>>Shares of Brookfield Renewable have returned +7.9% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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