Brookfield Renewable Partners (BEP) Set to Announce Quarterly Earnings on Friday

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) will be releasing its earnings data before the market opens on Friday, November 8th. Analysts expect Brookfield Renewable Partners to post earnings of ($0.04) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its quarterly earnings data on Friday, August 2nd. The utilities provider reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.41). Brookfield Renewable Partners had a return on equity of 0.46% and a net margin of 2.37%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. On average, analysts expect Brookfield Renewable Partners to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Brookfield Renewable Partners Price Performance

NYSE BEP opened at $25.66 on Friday. Brookfield Renewable Partners has a fifty-two week low of $19.92 and a fifty-two week high of $29.56. The stock’s 50-day moving average is $26.37 and its two-hundred day moving average is $25.55. The firm has a market cap of $7.32 billion, a P/E ratio of -40.09 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.52 and a quick ratio of 0.52.

Wall Street Analysts Forecast Growth

BEP has been the topic of a number of recent analyst reports. National Bankshares raised their price objective on Brookfield Renewable Partners from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. StockNews.com lowered shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. CIBC upped their price objective on shares of Brookfield Renewable Partners from $33.00 to $34.00 and gave the stock an “outperformer” rating in a report on Tuesday, October 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $31.00 target price on shares of Brookfield Renewable Partners in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. cut their target price on shares of Brookfield Renewable Partners from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $31.78.

Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.