Advertisement
Singapore markets close in 7 hours 45 minutes
  • Straits Times Index

    3,214.60
    -2.51 (-0.08%)
     
  • Nikkei

    38,844.04
    +581.88 (+1.52%)
     
  • Hang Seng

    16,503.10
    0.00 (0.00%)
     
  • FTSE 100

    7,662.51
    -56.70 (-0.73%)
     
  • Bitcoin USD

    51,608.75
    -657.04 (-1.26%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    4,981.80
    +6.29 (+0.13%)
     
  • Dow

    38,612.24
    +48.44 (+0.13%)
     
  • Nasdaq

    15,580.87
    -49.91 (-0.32%)
     
  • Gold

    2,036.30
    +2.00 (+0.10%)
     
  • Crude Oil

    78.07
    +0.16 (+0.21%)
     
  • 10-Yr Bond

    4.3250
    +0.0500 (+1.17%)
     
  • FTSE Bursa Malaysia

    1,550.71
    -1.69 (-0.11%)
     
  • Jakarta Composite Index

    7,349.02
    -7,352.60 (-50.01%)
     
  • PSE Index

    6,897.36
    +42.70 (+0.62%)
     

What Awaits Brookfield Renewable (BEP) This Earnings Season?

Brookfield Renewable Partners L.P. BEP is set to release fourth-quarter 2022 results on Feb 3, before the opening bell. In the last reported quarter, the firm delivered a negative earnings surprise of 525%.

Let’s discuss the factors likely to be reflected in the upcoming quarterly results.

Factors to Note

Brookfield Renewable’s fourth-quarter earnings are likely to have benefited from contributions from acquired assets and organic growth projects. The firm is expected to have benefited from stable contribution from its renewable assets spread across four continents.

Deep customer relationships and BEP’s proven track record of growth across all major technologies are likely to have contributed to its fourth-quarter earnings.

Expectations

The Zacks Consensus Estimate for fourth-quarter loss is pegged at 4 cents per unit, indicating an 66.7% improvement from the prior-year reported loss of 12 cents.

Earnings Whispers

Our proven model predicts an earnings beat for Brookfield Renewable Partners this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is the case here as you will see below.

Brookfield Renewable Partners L.P. Price and EPS Surprise

Brookfield Renewable Partners L.P. Price and EPS Surprise
Brookfield Renewable Partners L.P. Price and EPS Surprise

Brookfield Renewable Partners L.P. price-eps-surprise | Brookfield Renewable Partners L.P. Quote

Earnings ESP: BEP’s Earnings ESP is +137.5%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Brookfield Renewable carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Other Stocks to Consider

Here are some other stocks from the same industry that have the right combination of elements to post an earnings beat for the to-be-reported quarter.

South Jersey Industries SJI is set to release fourth-quarter 2022 results on Feb 23. SJI has an Earnings ESP of +1.59% and a Zacks Rank #2.

The Zacks Consensus Estimate for 2022 earnings of South Jersey Industries suggests year-over-year growth of 7.4%. The current dividend yield is 3.43%.

Consolidated Edison, Inc. ED is set to release fourth-quarter 2022 results on Feb 16. ED has an Earnings ESP of +2.86% and a Zacks Rank #2.

The long-term earnings growth of Consolidated Edison is projected at 2%. The Zacks Consensus Estimate for 2022 earnings of ED suggests year-over-year growth of 3.9%.

Dominion Energy D is set to release fourth-quarter 2022 results on Feb 8. D has an Earnings ESP of +0.32% and a Zacks Rank #3.

The long-term earnings growth of Dominion Energy is projected at 5.8%. The Zacks Consensus Estimate for 2022 earnings of Dominion Energy implies year-over-year growth of 6.2%.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Consolidated Edison Inc (ED) : Free Stock Analysis Report

Dominion Energy Inc. (D) : Free Stock Analysis Report

South Jersey Industries, Inc. (SJI) : Free Stock Analysis Report

Brookfield Renewable Partners L.P. (BEP) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research