The captain and his ship“We are off to a good start in 2023 with first quarter results largely in line with expectations,” said Mike Crawley, Northland’s President and Chief Executive Officer.
Eternal optimist.
The derivative loss is not yet realized (non-IFRS measure), so would not be included in EPS number. Even so, core business EPS dropped, because of non-recurrence of the "unprecedented" spike in demand at Gemini and Spanish portfolio seen in Q1 2022.
Now the true picture emerges. No longer does the reported EPS, exceed analyst estimates.