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What's in the Cards for Atlantic Power (AT) in Q4 Earnings?
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Atlantic Power Corporation is scheduled to release fourth-quarter 2019 earnings on Feb 27. The company has trailing four-quarter positive earnings surprise of 108.04%, on average.
Factors to Consider
Atlantic Power’s fourth-quarter earnings are likely to have benefited from the completion of four biomass plants acquisitions, which are secured with long-term power purchase agreements till 2027. Moreover, the new 10-year energy purchase agreement with BC Hydro. The agreement was effective from Oct 1, 2019, which is likely to have boosted the company’s earnings in the to-be-reported quarter.
Atlantic Power’s focus on lowering debt is expected to have strengthened its balance sheet. However, equipment malfunction started a fire at the plant on Sep 22, 2019. The outage related to this is likely to have had affected the company’s fourth-quarter performance.
The Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at 5 cents, which calls for year-over-year decline of 72.2%.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Atlantic Power this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But’s that’s is not the case here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Atlantic Power carries a Zacks Rank #3.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
NiSource, Inc (NI - Free Report) is set to release fourth-quarter 2019 numbers on Feb 26. It has an Earnings ESP of +2.38% and carries a Zacks Rank #3.
Public Service Enterprise Group Incorporated (PEG - Free Report) is scheduled to release fourth-quarter 2019 results on Feb 26. It has an Earnings ESP of +1.21% and a Zacks Rank #3.
The AES Corporation (AES - Free Report) is set to release fourth-quarter 2019 numbers on Feb 28. It has an Earnings ESP of +3.82% and carries a Zacks Rank #3.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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What's in the Cards for Atlantic Power (AT) in Q4 Earnings?
Atlantic Power Corporation is scheduled to release fourth-quarter 2019 earnings on Feb 27. The company has trailing four-quarter positive earnings surprise of 108.04%, on average.
Factors to Consider
Atlantic Power’s fourth-quarter earnings are likely to have benefited from the completion of four biomass plants acquisitions, which are secured with long-term power purchase agreements till 2027. Moreover, the new 10-year energy purchase agreement with BC Hydro. The agreement was effective from Oct 1, 2019, which is likely to have boosted the company’s earnings in the to-be-reported quarter.
Atlantic Power’s focus on lowering debt is expected to have strengthened its balance sheet. However, equipment malfunction started a fire at the plant on Sep 22, 2019. The outage related to this is likely to have had affected the company’s fourth-quarter performance.
Atlantic Power Corporation Price and EPS Surprise
Atlantic Power Corporation price-eps-surprise | Atlantic Power Corporation Quote
Q4 Expectations
The Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at 5 cents, which calls for year-over-year decline of 72.2%.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Atlantic Power this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But’s that’s is not the case here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Atlantic Power carries a Zacks Rank #3.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
NiSource, Inc (NI - Free Report) is set to release fourth-quarter 2019 numbers on Feb 26. It has an Earnings ESP of +2.38% and carries a Zacks Rank #3.
Public Service Enterprise Group Incorporated (PEG - Free Report) is scheduled to release fourth-quarter 2019 results on Feb 26. It has an Earnings ESP of +1.21% and a Zacks Rank #3.
The AES Corporation (AES - Free Report) is set to release fourth-quarter 2019 numbers on Feb 28. It has an Earnings ESP of +3.82% and carries a Zacks Rank #3.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>