Brookfield Renewable Partners (BEP) Scheduled to Post Quarterly Earnings on Friday

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) is scheduled to announce its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its earnings results on Friday, August 2nd. The utilities provider reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.41). The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. Brookfield Renewable Partners had a return on equity of 0.46% and a net margin of 2.37%. Brookfield Renewable Partners’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.10) EPS. 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 Stock Performance

Brookfield Renewable Partners stock opened at $25.66 on Friday. The company has a market cap of $7.32 billion, a PE ratio of -40.09 and a beta of 0.94. Brookfield Renewable Partners has a 12 month low of $19.92 and a 12 month high of $29.56. The company has a fifty day moving average price of $26.37 and a two-hundred day moving average price of $25.55. 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

A number of brokerages recently weighed in on BEP. JPMorgan Chase & Co. lowered their price objective 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. StockNews.com cut shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. UBS Group upgraded Brookfield Renewable Partners from a “neutral” rating to a “buy” rating and upped their target price for the stock from $24.00 to $31.00 in a research report on Monday, September 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $31.00 price objective on shares of Brookfield Renewable Partners in a research note on Wednesday, October 9th. Finally, National Bankshares raised their target price 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. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.