Polaris Renewable Energy Inc (TSX:PIF, Financial) is set to release its Q3 2024 earnings on Oct 31, 2024. The consensus estimate for Q3 2024 revenue is $25.27 million, and the earnings are expected to come in at $0.10 per share. The full year 2024's revenue is expected to be $108.42 million and the earnings are expected to be $0.61 per share. More detailed estimate data can be found on the Forecast page.
Polaris Renewable Energy Inc (TSX:PIF, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Polaris Renewable Energy Inc (TSX:PIF) for the full year 2024 have declined from $109.36 million to $108.42 million, and for 2025 from $115.10 million to $114.86 million. Earnings estimates have also seen a decrease, moving from $0.67 per share to $0.61 per share for 2024, and from $0.93 per share to $0.89 per share for 2025.
Polaris Renewable Energy Inc (TSX:PIF, Financial) Reported History
In the previous quarter of June 30, 2024, Polaris Renewable Energy Inc's (TSX:PIF) actual revenue was $26.04 million, which missed analysts' revenue expectations of $26.121 million by -0.32%. Polaris Renewable Energy Inc's (TSX:PIF) actual earnings were $0.07 per share, which missed analysts' earnings expectations of $0.111 per share by -36.94%. After releasing the results, Polaris Renewable Energy Inc (TSX:PIF) was down by -1.86% in one day.
Polaris Renewable Energy Inc (TSX:PIF, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 6 analysts, the average target price for Polaris Renewable Energy Inc (TSX:PIF) is $22.72 with a high estimate of $32.20 and a low estimate of $19.12. The average target implies an upside of 86.11% from the current price of $12.21.
Based on GuruFocus estimates, the estimated GF Value for Polaris Renewable Energy Inc (TSX:PIF, Financial) in one year is $18.97, suggesting an upside of 55.36% from the current price of $12.21.
Based on the consensus recommendation from 6 brokerage firms, Polaris Renewable Energy Inc's (TSX:PIF, Financial) average brokerage recommendation is currently 1.5, indicating a "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
