$EMA

2 stories mentioning EMAUpdated 51d ago

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Research Alert: CFRA Maintains Buy Rating On Emera On Strong Adjusted Eps, Florida Strength

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our Buy rating on EMA and maintain our target price of CAD83. The target price continues to be derived from our earnings multiple of 21.0x, applied to our 2027 adjusted EPS. We increase our 2026 EPS view by CAD0.23 to CAD3.67 and 2027's by CAD0.05 to CAD3.98. The Utilities space remains attractive as a defensively positioned sector amid inflationary macroeconomic conditions. Q1 2026 adjusted EPS of CAD1.37 exceeded expectations, and management believes 2026 adjusted EPS can exceed the 5%-7% growth guidance. All major projects are progressing as planned, and CAD870M of capital was deployed in Q1.

$EMA

Research54d ago

Research Alert: Ema Q1: Florida, Gas Utilities Offset Canadian Headwinds For Adj. Eps Growth

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Emera reported Q1 2026 adjusted EPS of CAD1.37, up 7% from the prior year, while deploying CAD870M of its CAD4.0B capital program and delivering 6% operating cash flow growth. Management expects to exceed the 5%-7% adjusted EPS growth guidance range for full-year 2026. The company announced an agreement to divest its 100% interest in Grand Bahama Power Company during the quarter. Florida Electric delivered strong performance with CAD180M in adjusted net income, up 10%, benefiting from new base rates and off-system sales at Tampa Electric. Gas Utilities contributed CAD136M, up 13%, as Peoples Gas Systems realized gains from new rate structures. Canadian Electric Utilities faced headwinds with adjusted net income of CAD86M, down 29% from CAD121M, due to lower tax recovery, elevated storm restoration costs, and higher depreciation. The stronger Canadian dollar created translation headwinds of CAD17M on adjusted net income.

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