TransAlta (NYSE:TAC) reported its Q1 earnings results on Friday, May 5, 2023 at 07:15 AM.
Here’s what investors need to know about the announcement.
Earnings
TransAlta beat estimated earnings by 376.47%, reporting an EPS of $0.81 versus an estimate of $0.17.
Revenue was up $225.47 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.84 which was followed by a 3.37% drop in the share price the next day.
Here’s a look at TransAlta’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.39 | 0.24 | -0.01 | 0.06 |
| EPS Actual | -0.45 | 0.18 | -0.24 | 0.54 |
| Revenue Estimate | 475.87M | 416.74M | 357.20M | 424.88M |
| Revenue Actual | 635.81M | 712.22M | 358.90M | 580.09M |
To track all earnings releases for TransAlta visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
