Polaris Renewable Energy Inc. (TSE:PIF - Free Report) - Investment analysts at Clarus Securities lowered their Q3 2024 EPS estimates for shares of Polaris Renewable Energy in a research note issued 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.
Polaris Renewable Energy (TSE:PIF - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.07 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.03). Polaris Renewable Energy had a net margin of 10.08% and a return on equity of 2.88%. The firm had revenue of C$25.59 million during the quarter, compared to the consensus estimate of C$25.50 million.
Separately, National Bankshares lifted their price objective 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.
Check Out Our Latest Research Report on Polaris Renewable Energy
Polaris Renewable Energy Stock Performance
Shares of PIF traded down C$0.33 during mid-day trading on Thursday, hitting C$12.00. The stock had a trading volume of 66,455 shares, compared to its average volume of 45,133. The company has a quick ratio of 1.64, a current ratio of 1.86 and a debt-to-equity ratio of 62.63. The company has a market cap of C$252.96 million, a PE ratio of 24.00, a PEG ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a fifty-two week low of C$11.08 and a fifty-two week high of C$14.14. The company's fifty day simple moving average is C$12.30 and its two-hundred day simple moving average is C$12.49.
Polaris Renewable Energy Company Profile
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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.
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