Analyst Consensus ?
ConsensusHold2 ratings
Bullish00.0%
Neutral2100.0%
Bearish00.0%
Emera Incorporated · EMA · FY2024 Q1 · Calendar Q2 2024
Emera sees temporary Q1 pressure, maintains growth outlook
The supplied analysis supports a cautiously constructive view of Emera’s growth framework: management described Q1 weakness as temporary while continuing to emphasize capital investment, rate-base expansion, and balance-sheet improvement. The thesis remains dependent on weather normalization, regulatory progress, project execution, and asset-sale outcomes.
Reported Before market openNYSEUtilities
$15.05B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.57
Consensus $0.47
EPS surprise
+22.5%
Reported versus consensus
Reported revenue
$1.99B
Consensus $1.81B
Revenue surprise
+9.7%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+1.8%
Event window
SPY move
-0.1%
Same window
Abnormal move
+1.9%
Stock minus SPY
Volume
0.9×
Versus trailing sessions
Subsequent drift
-2.6%
Up to 20 sessions
EMASPY benchmark
Ask FN2 about EMA FY2024 Q1
Transcript, numbers and history already loaded
Why did EMA rise 1.8% after beating EPS estimates in FY2024 Q1?What changed in EMA's guidance and outlook in FY2024 Q1?Give me the bull and bear case for EMA after FY2024 Q1 earnings.
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Transcript intelligence
What changed
Q1 performance weakened versus the prior year because of mild Florida weather, higher operating costs, and hedge timing. Compared with the prior-quarter analysis, the capital plan and clean-energy investment agenda remained in place, while management provided more detail on the Tampa Electric rate case, Atlantic Reliability tie, and planned asset sales.
Guidance delta
Management maintained its outlook for the remainder of 2024 and affirmed 4–5% dividend growth expectations.
Key takeaways
- Management attributed the Q1 earnings decline to mild Florida weather, higher operating costs, and hedge timing.
- The 2024 capital plan emphasizes reliability, solar, renewable natural gas, and transmission projects.
- Tampa Electric rate-case progress and the asset-sale program are important balance-sheet and growth milestones.
- Management expects weather to normalize and reiterated its broader organic-growth outlook.
Management priorities
- Execute the 2024 capital plan.
- Advance Tampa Electric rate-case filings and the Atlantic Reliability tie.
- Clarify asset-sale processes and use proceeds to retire variable-rate debt.
- Expand solar capacity and renewable natural gas projects.
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Analyst 52W Price Targets
$48.99Previous close
$50Low
$51Average
$52High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Equal Weight | Equal Weight | Maintain | Oct 19, 2026 |
| CIBC | Neutral | Outperform | Downgrade | Aug 11, 2025 |
Named analyst price targets
Upside is calculated against the persisted previous close $48.99. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $50 | $47.72 | +2.1% | Oct 19, 2026 |
| Barclays | Michael Lonegan | $52 | $52.6 | +6.1% | May 11, 2026 |
| Barclays | Analyst unavailable | $53 | $52.7 | +8.2% | Apr 28, 2026 |
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Start freeCompany context
Snapshot as of publicationEmera Incorporated, an energy and services company, invests in generation, transmission, and distribution of electricity in the United States, Canada, Barbados, and the Bahamas. The company operates through Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other segments. It is involved in the purchase, transmission, distribution, and sale of natural gas; and physical energy marketing, trading, and other energy asset management activities. The company was incorporated in 1998 and is headquartered in Halifax, Canada.
Historical context
All EMA earningsUtilities peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| PCG PG&E Corporation | FY2026 Q3 · Calendar Q4 2026 | -0.8% | -1.3% | PG&E Reaffirms Guidance While Seeking Credit and Policy Clarity |
Latest beats and misses
Who reports nextBeat on EPS
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- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-26T07:40:42.839212+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T07:40:42.836426+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.