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Algonquin Power & Utilities Corp. (AQN - Free Report) reported first-quarter 2019 earnings of 19 cents per share, lagging the Zacks Consensus Estimate of 22 cents by 13.6%. The reported earnings also declined 40.6% on a year-over-year basis.
Total Revenues
Algonquin Power & Utilities generated total revenues of $477.2 million in first-quarter 2019, lagging the Zacks Consensus Estimate of $498 million by 4.2%. The top line also declined 3.6% from $494.8 million in the year-ago quarter.
The year-over-year decline in revenues was due to lower contribution from the majority of businesses.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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