TransAlta: Q1 Earnings Insights

TransAlta TAC reported its Q1 earnings results on Friday, May 5, 2023 at 07:15 AM.

Here's what investors need to know about the announcement.

TransAlta beat estimated earnings by 376.47%, reporting an EPS of $0.81 versus an estimate of $0.17.

Revenue was up $225.47 million from the same period last year.

Last quarter the company missed on EPS by $0.84 which was followed by a 3.37% drop in the share price the next day.

Here's a look at TransAlta's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.39	0.24	-0.01	0.06
EPS Actual	-0.45	0.18	-0.24	0.54
Revenue Estimate	475.87M	416.74M	357.20M	424.88M
Revenue Actual	635.81M	712.22M	358.90M	580.09M

To track all earnings releases for TransAlta visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.