Algonquin Power & Utilities Future Growth

Future criteria checks 3/6

Algonquin Power & Utilities is forecast to grow earnings and revenue by 22.9% and 2.9% per annum respectively. EPS is expected to grow by 27.2% per annum. Return on equity is forecast to be 7.3% in 3 years.

Key information

22.9%

Earnings growth rate

27.2%

EPS growth rate

Integrated Utilities earnings growth	9.0%
Revenue growth rate	2.9%
Future return on equity	7.3%
Analyst coverage	Good
Last updated	25 Apr 2024

Recent future growth updates

Recent updates

Algonquin: Battered By High-Interest Rates, A Strategy Shift Might Be The Answer

Aug 22

Algonquin: More Challenges Than Upside

Aug 14

Algonquin: Why We Think It's A "Hold" At Best

Jul 06

Algonquin: Brace For Chaos But Don't Run

Jan 13

Algonquin Power & Utilities Q3 2022 Earnings Preview

Nov 10

5 Reasons Algonquin Power Stock Is Down 25%

Oct 04

Algonquin Power & Utilities appoints new finance chief

Aug 31

Algonquin Power: An Underperforming And Expensive Utility

Aug 22

Algonquin Power & Utilities Non-GAAP EPS of $0.16 beats by $0.01, revenue of $624.3M beats by $10.02M

Aug 12

Algonquin Power And Its Real Value

Dec 15

Dividend Sleuthing: Algonquin Power & Utilities Corp.

Nov 24

Algonquin Power & Utilities: Acquisition Indigestion

Nov 02

Algonquin Power & Utilities: A Renewable Growth Story

Jul 12

Algonquin Power & Utilities Corp. 2021 Q1 - Results - Earnings Call Presentation

May 08

Algonquin Power & Utilities Q1 2021 Earnings Preview

May 05

Algonquin Power & Utilities: Investor Day Review

Jan 11

Earnings and Revenue Growth Forecasts

NYSE:AQN - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	3,149	407	235	740	2
12/31/2025	2,966	394	74	785	6
12/31/2024	2,948	329	-5	808	7
12/31/2023	2,698	20	-398	628	N/A
9/30/2023	2,779	-240	-244	642	N/A
6/30/2023	2,819	-261	-317	612	N/A
3/31/2023	2,811	-41	-444	487	N/A
12/31/2022	2,765	-221	-470	619	N/A
9/30/2022	2,601	29	-660	531	N/A
6/30/2022	2,465	196	-618	599	N/A
3/31/2022	2,373	333	-810	567	N/A
12/31/2021	2,274	256	-1,188	157	N/A
9/30/2021	2,182	585	-1,107	205	N/A
6/30/2021	2,031	668	-992	155	N/A
3/31/2021	1,847	852	-731	195	N/A
12/31/2020	1,677	774	-281	505	N/A
9/30/2020	1,626	442	-204	499	N/A
6/30/2020	1,614	502	-145	565	N/A
3/31/2020	1,614	372	-74	556	N/A
12/31/2019	1,626	522	30	611	N/A
9/30/2019	1,608	490	85	612	N/A
6/30/2019	1,609	427	118	556	N/A
3/31/2019	1,631	325	140	555	N/A
12/31/2018	1,648	177	64	530	N/A
9/30/2018	1,636	74	2	478	N/A
6/30/2018	1,623	61	-61	447	N/A
3/31/2018	1,595	28	-199	368	N/A
12/31/2017	1,522	94	-239	327	N/A
9/30/2017	1,361	81	N/A	308	N/A
6/30/2017	1,168	53	N/A	222	N/A
3/31/2017	988	43	N/A	231	N/A
12/31/2016	816	61	N/A	214	N/A
9/30/2016	797	59	N/A	198	N/A
6/30/2016	781	58	N/A	242	N/A
3/31/2016	762	55	N/A	249	N/A
12/31/2015	741	55	N/A	189	N/A
9/30/2015	767	56	N/A	197	N/A
6/30/2015	793	43	N/A	148	N/A
3/31/2015	774	39	N/A	135	N/A
12/31/2014	813	40	N/A	166	N/A
9/30/2014	794	35	N/A	111	N/A
6/30/2014	810	50	N/A	134	N/A
3/31/2014	748	53	N/A	107	N/A
12/31/2013	636	43	N/A	93	N/A
9/30/2013	592	42	N/A	85	N/A
6/30/2013	545	38	N/A	86	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AQN's forecast earnings growth (22.9% per year) is above the savings rate (2.4%).

Earnings vs Market: AQN's earnings (22.9% per year) are forecast to grow faster than the US market (14.1% per year).

High Growth Earnings: AQN's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AQN's revenue (2.9% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: AQN's revenue (2.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AQN's Return on Equity is forecast to be low in 3 years time (7.3%).

Algonquin Power & Utilities Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target decreased by 11% to US$7.00

Price target decreased by 8.4% to US$7.63

Price target decreased to US$8.65

Price target decreased to US$9.40

Price target decreased to US$10.75

Price target decreased to US$11.70

Recent updates

Algonquin Power & Utilities Corp. to Report Q1, 2024 Results on May 10, 2024

Algonquin Power & Utilities Corp., Annual General Meeting, Jun 04, 2024

Algonquin Power & Utilities Corp., Annual General Meeting, Jun 04, 2024

Upcoming dividend of US$0.11 per share

Full year 2023 earnings: EPS and revenues miss analyst expectations

Algonquin Power & Utilities Corp. Declares Dividend for the Period from January 1, 2024 to March 31, 2024, Payable on April 15, 2024

Algonquin Power & Utilities Corp. Appoints David Levenson to the Board

Algonquin: Searching For Value After The Collapse, 7.1% Dividend Yield

Algonquin Power & Utilities Corp. to Report Q4, 2023 Results on Mar 08, 2024

Upcoming dividend of US$0.11 per share at 6.9% yield

New minor risk - Shareholder dilution

Algonquin Power's Valuation Gap: Uncovering The Investment Potential

Price target decreased by 11% to US$7.00

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Algonquin Power & Utilities Corp. Declares Common Share Dividend, Payable on January 15, 2024

Price target decreased by 8.4% to US$7.63

Algonquin Power & Utilities Corp. to Report Q3, 2023 Results on Nov 10, 2023

Algonquin: Billionaire Says Observe Carefully When The Tide Goes Out

Upcoming dividend of US$0.11 per share at 6.3% yield

Algonquin Power & Utilities Corp. Appoints Mr. Ryan Farquhar to the Board of Directors

Algonquin: Battered By High-Interest Rates, A Strategy Shift Might Be The Answer

Algonquin: More Challenges Than Upside

Algonquin Power & Utilities Corp. Declares a Dividend for the Period from July 1, 2023 to September 30, 2023, Payable on October 13, 2023

Second quarter 2023 earnings released: US$0.37 loss per share (vs US$0.053 loss in 2Q 2022)

Algonquin Power & Utilities Corp. to Report Q2, 2023 Results on Aug 10, 2023

Starboard Value LP Delivers a Letter to Algonquin Power & Utilities Corp

Algonquin: Why We Think It's A "Hold" At Best

Upcoming dividend of US$0.11 per share at 5.1% yield

Insider recently sold US$172k worth of stock

Algonquin Power & Utilities Corp. Approves Dividend for the Period from April 1, 2023 to June 30, 2023, Payable on July 14, 2023

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Independent Director recently bought US$74k worth of stock

Upcoming dividend of US$0.11 per share at 9.3% yield

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 20% undervalued

Now 20% undervalued after recent price drop

Algonquin Power & Utilities Corp. to Report Q4, 2022 Results on Mar 17, 2023

Now 20% undervalued after recent price drop

Price target decreased to US$8.65

Algonquin Power & Utilities Corp. Announces First Quarter 2023 Dividend

Algonquin: Brace For Chaos But Don't Run

Price target decreased to US$9.40

Upcoming dividend of US$0.18 per share

Price target decreased to US$10.75

President recently bought US$1.1m worth of stock

Price target decreased to US$11.70

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Algonquin Power & Utilities Corp. Declares Common Share Dividend for Fourth Quarter 2022

Algonquin Power &amp; Utilities Q3 2022 Earnings Preview

Algonquin Power & Utilities Corp. to Report Q3, 2022 Results on Nov 02, 2022

Price target decreased to US$14.88

InfraRed Capital Partners entered into an agreement to acquire ownership interests in Wind Projects Portfolio in the United States and Canada from Algonquin Power & Utilities Corp. (TSX:AQN) approximately $350 million.

5 Reasons Algonquin Power Stock Is Down 25%

Upcoming dividend of US$0.18 per share

Algonquin Power & Utilities Corp. Announces CFO Changes

Algonquin Power & Utilities appoints new finance chief

Algonquin Power: An Underperforming And Expensive Utility

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Algonquin Power & Utilities Corp. Declares Third Quarter 2022 Common Share Dividend, Payable on October 14, 2022

Algonquin Power & Utilities Non-GAAP EPS of $0.16 beats by $0.01, revenue of $624.3M beats by $10.02M

Algonquin Power & Utilities Corp. to Report Q2, 2022 Results on Aug 11, 2022

Upcoming dividend of US$0.18 per share

Algonquin Power & Utilities Corp. Elects Amee Chande as Director

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Algonquin Power & Utilities Corp. Announces Dividend on Common Share, Payable on July 15, 2022

Algonquin Power & Utilities Corp. to Report Q1, 2022 Results on May 12, 2022

Algonquin Power & Utilities Corp. Announces Appointment of Dan Goldberg to Its Board of Directors and Corporate Governance Committee and Human Resources and Compensation Committee

Upcoming dividend of US$0.17 per share

Algonquin Power & Utilities Corp. Declares Dividend for the Period Ended March 31, 2022, Payable on April 14, 2022

Algonquin Power & Utilities Q3 2022 Earnings Preview

Algonquin Power & Utilities Q1 2021 Earnings Preview