Atlantica Yield plc (NASDAQ:AY) is expected to report third quarter earnings results, before market open, on Friday 6th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.66 per share.
Looking ahead, the full year income are expected at $ 0.56 per share on the revenues of $ 1079.91 million.
Previous Quarter Performance
Atlantica Yield plc unveiled income for the second quarter of $ 0.12 per share, from the revenue of $ 255.34 million. The quarterly earnings reduced 55.56 percent while revenues reduced 10.81 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.15 per share from $ 261.76 million in revenue. The bottom line results missed street analysts by $ 0.03 or 20 percent, at the same time, top line results fell short of analysts by $ 6.42 million or 2.45 percent.
Stock Performance
Shares of Atlantica Yield plc traded up $ 1.28 or 4.17 percent on Thursday, reaching $ 31.94 with volume of 849.50 thousand shares. Atlantica Yield plc has traded high as $ 32.28 and has cracked $ 31.22 on the downward trend
According to the previous trading day, closing price of $ 31.94, representing a 72.83 % increase from the 52 week low of $ 17.74 and a 5.66 % decrease over the 52 week high of $ 32.50.
The company has a market capital of $ 3.25 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Recent Analyst recommendations
- On 8th September 2020, initiated by Seaport Global Securities at Neutral rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.42 per share on July 31, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on August 31, 2020 and ex-dividend date on August 28, 2020.
Atlantica Yield plc acquires, owns, and manages renewable energy, natural gas power, electric transmission lines, and water assets in the United States, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. As of December 31, 2018, it had 24 assets, including 1,496 megawatts (MW) of renewable energy generation assets comprising solar power and wind plants; 300 MW of natural gas power generation assets that produce electricity and steam from natural gas; 1,152 miles of electric transmission lines; and water desalination plants with an aggregate capacity of 10.5 million cubic feet per day. The company was formerly known as Abengoa Yield plc and changed its name to Atlantica Yield plc in May 2016.
