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Boralex Inc Cl A (TSE:BLX)
TSX:BLX
Holding TSE:BLX?
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Earnings Data
Report Date
Feb 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
C$0.51Last Year’s EPS
C$0.36Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -10.45%
|Next Earnings Date:Feb 28, 2025
Earnings Call Sentiment|Positive
The call highlighted significant financial growth and strategic project developments, despite the negative impact of adverse weather conditions on production. The company's strong balance sheet and strategic initiatives in renewable energy signal a positive outlook.Company Guidance
During the Boralex Q3 2024 earnings call, the company provided guidance reflecting a robust performance and promising outlook. Despite adverse weather conditions, Boralex achieved a 7% increase in EBITDA, a 15% rise in operating income, and a 32% growth in net earnings compared to the first nine months of 2023. The company is on track with key projects, including the Apuiat and Limekiln projects, expected to be commissioned by year-end, and the Hagersville and Tilbury storage projects in Ontario, targeting completion by 2025. Furthermore, Boralex's strategic acquisitions, such as the 50-megawatt Sallachy wind project in Scotland, underpin its growth trajectory. With a strong financial position, evidenced by $608 million in available cash resources, the company is well-positioned to capitalize on its 7.2-gigawatt project pipeline. Management reiterated its focus on disciplined execution of its strategic plan amid favorable market conditions for renewable energy, signaling confidence in meeting its 2025 corporate objectives.Strong Financial Performance
EBITDA increased by 7%, operating income by 15%, and net earnings by 32% compared to the first 9 months of 2023.
Project Developments and Acquisitions
Continued progress on Apuiat project in Quebec and Limekiln project in Scotland. Acquisition of Sallachy project, a 50-megawatt wind project in Scotland.
Strategic Renewable Energy Agreements
Signed two long-term renewable energy purchase agreements in France with Nestle and Saint-Gobain.
Funding and Financial Stability
Closed a $95 million financing for the Témiscouata II wind farm in Quebec. Strong balance sheet with $608 million in available cash resources.
SBTI Certification
Boralex's greenhouse gas emission reduction targets validated by the Science Based Targets initiative.
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TSE:BLX 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:BLX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$32.62 | C$32.69 | +0.21% |
| Aug 14, 2024 | C$34.17 | C$34.28 | +0.32% |
| May 15, 2024 | C$28.90 | C$30.92 | +6.99% |
| Mar 01, 2024 | C$29.38 | C$28.88 | -1.70% |
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 Boralex Inc Cl A (TSE:BLX) report earnings?
Boralex Inc Cl A (TSE:BLX) is schdueled to report earning on Feb 28, 2025, TBA Not Confirmed.
What is Boralex Inc Cl A (TSE:BLX) earnings time?
Boralex Inc Cl A (TSE:BLX) earnings time is at Feb 28, 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:BLX EPS forecast?
TSE:BLX EPS forecast for the fiscal quarter 2024 (Q4) is C$0.51.
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