What is Clarus Securities’ Estimate for TSE:PIF Q3 Earnings?

Polaris Renewable Energy Inc. (TSE:PIF) – Research analysts at Clarus Securities cut their Q3 2024 earnings per share estimates for Polaris Renewable Energy in a research report issued to clients and investors on Wednesday, October 30th. Clarus Securities analyst S. Kammermayer now anticipates that the company will post earnings per share of $0.07 for the quarter, down from their previous forecast of $0.15. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share. Clarus Securities also issued estimates for Polaris Renewable Energy’s FY2024 earnings at $0.52 EPS, Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.30 EPS, Q3 2026 earnings at $0.29 EPS and FY2026 earnings at $1.12 EPS.

Separately, National Bankshares upped their target price on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th.

Polaris Renewable Energy Stock Performance

Shares of TSE PIF opened at C$12.00 on Thursday. The stock has a market cap of C$252.96 million, a PE ratio of 24.00, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a 1 year low of C$11.08 and a 1 year high of C$14.14. The firm has a fifty day moving average price of C$12.30 and a 200-day moving average price of C$12.49. The company has a debt-to-equity ratio of 62.63, a current ratio of 1.86 and a quick ratio of 1.64.

Polaris Renewable Energy (TSE:PIF) last released its earnings results on Thursday, August 1st. The company reported C$0.07 EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.03). Polaris Renewable Energy had a return on equity of 2.88% and a net margin of 10.08%. The firm had revenue of C$25.59 million for the quarter, compared to the consensus estimate of C$25.50 million.

Polaris Renewable Energy Company Profile

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.