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ATCO Ltd Cl I NV (TSE:ACO.X)
TSX:ACO.X
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.23Last Year’s EPS
1.12Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -1.66%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a strong positive performance with significant earnings growth and strategic acquisitions enhancing future growth prospects. However, there are some challenges in the logistics segment and a moderating growth outlook for the utilities segment due to expected ROE resets.Company Guidance
During ATCO Limited's third-quarter 2024 conference call, the company reported adjusted earnings of $91 million, a 12% increase compared to the previous year. This growth was primarily driven by a rise in the Canadian Utilities' allowable ROE from 8.5% to 9.28% and robust performance in non-regulated assets. ATCO Structures contributed $29 million in adjusted earnings, marking its ninth consecutive quarter of growth, fueled by increased global space rental activity. The company anticipates a utility ROE reset to 8.97% in 2025, which may moderate earnings growth. ATCO's strategy focuses on essential services, balancing investments across utilities, structures, and growth-oriented businesses like ATCO EnPower.Increased Adjusted Earnings
ATCO achieved adjusted earnings of $91 million in the third quarter, which is $10 million or 12% higher than the third quarter last year, primarily driven by strong performance in the Canadian Utilities business.
Strong Performance in ATCO Structures
ATCO Structures reported adjusted earnings of $29 million, marking the ninth consecutive quarter of year-over-year adjusted earnings growth, with a base business earnings growth of over 20% year-to-date.
Strategic Acquisition of NRB Modular Solutions
ATCO completed the acquisition of NRB Modular Solutions, enhancing manufacturing capacity and capabilities, expected to play a key role in long-term growth strategy.
Growth in Global Space Rentals
The global space rentals business saw a fleet size increase of 4% and an average rental rate growth of 7%, with a stable utilization rate of 75%.
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TSE:ACO.X 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:ACO.X Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$47.01 | C$47.87 | +1.83% |
| Aug 02, 2024 | C$42.52 | C$42.61 | +0.21% |
| May 02, 2024 | C$36.39 | C$36.58 | +0.52% |
| Feb 29, 2024 | C$35.92 | C$35.97 | +0.14% |
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 ATCO Ltd Cl I NV (TSE:ACO.X) report earnings?
ATCO Ltd Cl I NV (TSE:ACO.X) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is ATCO Ltd Cl I NV (TSE:ACO.X) earnings time?
ATCO Ltd Cl I NV (TSE:ACO.X) earnings time is at Feb 27, 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:ACO.X EPS forecast?
TSE:ACO.X EPS forecast for the fiscal quarter 2024 (Q4) is 1.23.
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