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Emera Incorporated (TSE:EMA)
TSX:EMA
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.78Last Year’s EPS
0.63Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: 7.93%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong earnings growth, resilience in Florida operations, and strategic financial moves, though it was tempered by significant storm costs and impairments.Company Guidance
During the Emera Q3 2024 earnings call, the executives provided key guidance metrics, highlighting an 8% increase in adjusted earnings per share compared to the previous year, driven primarily by the Florida businesses. The restoration costs from Hurricanes Helene and Milton were estimated between USD 45 million to USD 55 million and USD 320 million to USD 370 million, respectively. Emera plans to seek regulatory approval for cost recovery from the Florida Public Service Commission in December. The company also reaffirmed its confidence in achieving a 3-year average adjusted EPS growth rate of 5% to 7% as announced in June. Additionally, the board approved a dividend increase, marking the 18th consecutive year of dividend growth, reflecting confidence in Emera’s asset portfolio and financial management.Strong Earnings Growth
Adjusted earnings per share for Q3 increased 8% compared to last year, primarily driven by Florida businesses.
Dividend Increase
The Board approved an increase to the dividend, marking the 18th consecutive year of dividend increases.
Resilient Performance in Florida
Despite significant storms, Tampa Electric's system showed strong reliability, supported by nearly USD 200 million annual investments in storm protection.
Federal Loan Guarantee for Nova Scotia Power
Secured a $500 million federal loan guarantee to securitize deferred fuel costs, aiding financial health and customer relief.
Gas Utility Performance
Peoples Gas experienced robust earnings growth, driven by new rates and infrastructure investment.
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TSE:EMA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:EMA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | C$50.19 | C$50.39 | +0.40% |
| Aug 09, 2024 | C$48.95 | C$48.47 | -0.99% |
| May 13, 2024 | C$47.24 | C$46.64 | -1.28% |
| Feb 26, 2024 | C$46.48 | C$44.89 | -3.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Emera Incorporated (TSE:EMA) report earnings?
Emera Incorporated (TSE:EMA) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Emera Incorporated (TSE:EMA) earnings time?
Emera Incorporated (TSE:EMA) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:EMA EPS forecast?
TSE:EMA EPS forecast for the fiscal quarter 2024 (Q4) is 0.78.
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