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TransAlta Anticipates Fourth Quarter Earnings Amidst Surge

  TransAlta Anticipates Fourth Quarter Earnings Amidst Surge

TransAlta TAC is gearing up to unveil its fourth-quarter 2023 earnings on Feb 23 before market close, following its impressive 178.13% positive earnings surprise in the last quarter.

Kicking off, let’s delve into the key factors that are poised to leave their mark on the upcoming quarterly results.

Market Influences

The fourth-quarter earnings are expected to reap the benefits of assets acquired during the preceding nine months of 2023. Meanwhile, the ongoing share repurchases are likely to cast a positive shadow on the fourth-quarter earnings.

Nevertheless, the company’s fourth-quarter earnings are anticipated to bear the brunt of elevated operation, maintenance, and administration expenses. Additionally, an extended outage of Kent Hills 1 and 2 wind facilities is projected to have a negative impact on production volumes during the fourth quarter.


The Zacks Consensus Estimate for TAC’s earnings is set at 13 cents per share, signaling a substantial year-over-year surge of 128.89%.

Insightful Findings

Despite being unaware of the comprehensive forecast, it is worth noting that our established model does not distinctly project an earnings beat for TransAlta this time around. The amalgamation of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) stands a higher chance of fortifying an earnings beat, which doesn’t fit in this scenario.

Competition Analysis

Considering similarly placed players from the same sector, a handful demonstrate a promising amalgamation of elements with the potential to surpass earnings expectations during the upcoming releases.

Subsequently, Dominion Energy D, Entergy ETR, and Sempra Energy SRE are deemed likely to outperform earnings projections as they march towards announcing their fourth-quarter 2023 earnings in the upcoming days.

Ensuring comprehensive coverage of imminent earnings announcements, refer to the Zacks Earnings Calendar.

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Sempra Energy (SRE) : Free Stock Analysis Report

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Dominion Energy Inc. (D) : Free Stock Analysis Report

TransAlta Corporation (TAC) : Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.