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Polaris Infras J (TSE:PIF)
TSX:PIF
Holding TSE:PIF?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.11Last Year’s EPS
0.1Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 8.33%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strategic growth through acquisitions and secured contracts, but was overshadowed by declines in revenue, earnings, and power production due to external and operational challenges.Company Guidance
During the Polaris Renewable Energy Q3 2024 earnings call, Anton Jelic, the CFO, provided key guidance on the company's financial and operational performance. Power production for the quarter was 168,639 megawatt hours, down from 178,753 megawatt hours the previous year. Country-specific production figures included 120,565 megawatt hours in Nicaragua, 20,616 megawatt hours in Peru, 16,476 megawatt hours at the Canoa 1 solar facility in the Dominican Republic, with both Ecuador and Panama showing stable production figures of 6,535 and 4,447 megawatt hours, respectively. Revenue for the quarter reached $17.7 million, reflecting a decrease from $18.8 million last year, while net earnings attributable to owners were $480,000 compared to $1 million. Adjusted EBITDA stood at $12.4 million, down from $13.7 million, and net cash from operating activities also saw a decline primarily due to reduced cash inflow from Nicaragua and unearned revenue recognition in Peru. The company announced a quarterly dividend of $0.15 per share, to be paid on November 22.Punta Lima Acquisition
Announced acquisition of a 26-megawatt wind farm in Puerto Rico for $20 million, with a 20-year PPA starting at $149/MWh, escalating by 1.3% annually until 2034. The project is expected to generate between 50,000 to 60,000 megawatt hours annually. The acquisition is expected to close in Q1 2025.
Full Contractual Coverage
The company is now 100% fully contracted with the signing of a contract for the Vista Hermosa plant for 100% of the production starting January 1, 2025.
Dominican Republic Canoa Solar Facility Performance
The Canoa solar facility produced 16,476 megawatt hours in Q3 2024, higher than the same period last year, due to enhanced productivity from newly installed panels.
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TSE:PIF 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:PIF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | C$12.13 | C$11.80 | -2.72% |
| Aug 01, 2024 | C$12.45 | C$12.22 | -1.85% |
| May 02, 2024 | C$11.08 | C$11.47 | +3.52% |
| Feb 22, 2024 | C$11.49 | C$12.08 | +5.13% |
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 Polaris Infras J (TSE:PIF) report earnings?
Polaris Infras J (TSE:PIF) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Polaris Infras J (TSE:PIF) earnings time?
Polaris Infras J (TSE:PIF) earnings time is at Feb 20, 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:PIF EPS forecast?
TSE:PIF EPS forecast for the fiscal quarter 2024 (Q4) is 0.11.
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