davgro wrote: 2023-01-10 10:22:19 AM ET (MT Newswires)
10:22 AM EST, 01/10/2023 (MT Newswires) -- RBC Capital Markets said Monday that it expects Algonquin Power & Utilities Corp. (AQN.TO) to outline its 2023 EPS guidance in its investor update call on Thursday.
RBC estimated Algonquin's 2023 EPS at .67 compared to the consensus forecast of .70.
RBC said the event is highly anticipated after management cut its 2022 EPS guidance and pulled its longer-term outlook in November 2022.
Investors are also expected to look for more clarity on the pending $2.6 billion acquisition of Kentucky Power, RBC said.
Algonquin's dividend, capital and funding plan, potential asset sales and balance sheet are also key topics for investors, according to RBC.
"Due to the level of uncertainty with respect to the pending KP acquisition and potential asset sales, management's 5-year outlook may lack details," RBC said.
RBC gave Algonquin a sector perform rating with a US$8.00 price target.