From this morning Globe and Mail «On Thursday, AltaGas reported normalized earnings before interest, taxes, depreciation and amortization of $674-million for the first quarter, topping the Street forecast of $580-million.»
A huge beat that analysts should have see...+ 16 %
and + 35 % from the Q4 2020 ($ 499 M )
In my mind the ''puck''does not stop there and still room to improved the ''revised '' Randy already ..in''
AltaGas Ltd (C-ALA) - In the News
Globe says AltaGas Q1 earnings beats Street forecast
2021-05-03 08:06 ET - In the News
Shares issued 279,658,502
ALA Close 2021-04-30 C$ 22.97
The Globe and Mail reports in its Saturday, May 1, edition that ATB Capital Markets analyst Nate Heywood has reiterated his "outperform" recommendation for AltaGas ($22.97). The Globe's David Leeder writes that Mr. Heywood boosted his share target by a loonie to $25 from $24. Analysts on average target the shares at $23.97. On Thursday, AltaGas reported normalized earnings before interest, taxes, depreciation and amortization of $674-million for the first quarter, topping the Street forecast of $580-million. Mr. Heywood says in a note: "The Q1/21 print was a material beat to consensus estimates and offers continued confidence in core operations looking forward. The beat was largely attributable to the recently divested U.S. Transportation and Storage business, which significantly outperformed previous years. Looking past the outperforming divested assets, the core business posted a solid performance as rate-regulated cash lows from the utility assets were complemented from improving fundamentals in the mid-stream segment and record LPG export volumes. Looking forward, management has reiterated its confidence in the business through the increase in 2021 guidance and remains focussed on deleveraging."