Analyst Consensus ?
ConsensusHold2 ratings
Bullish00.0%
Neutral2100.0%
Bearish00.0%
Emera Incorporated · EMA · FY2024 Q3 · Calendar Q4 2024
Emera: Florida growth supports outlook as storm recovery and regulation remain key
The current analysis supports a constructive but conditional view: Florida population and economic growth, new base rates, and balance-sheet actions support Emera's trajectory, while storm-cost recovery and regulatory uncertainty are material offsets.
Reported Before market openNYSEUtilities
$13.97B 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 Q3
Transcript, numbers and history already loaded
Why did EMA rise 1.8% after beating EPS estimates in FY2024 Q3?What changed in EMA's guidance and outlook in FY2024 Q3?Give me the bull and bear case for EMA after FY2024 Q3 earnings.
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Transcript intelligence
What changed
The current analysis adds emphasis on the post-Hurricanes Helene and Milton recovery effort, a CAD 500 million federal loan guarantee for Nova Scotia Power, the next Tampa Electric rate-case filing, and a forthcoming five-year capital plan. The prior analysis had focused more on liquidity, debt reduction, battery storage, and the existing capital plan.
Guidance delta
Maintained; management reaffirmed its 5%-7% three-year EPS growth guidance.
Key takeaways
- Management attributed earnings growth primarily to population and economic expansion in Florida.
- Balance-sheet actions, including asset sales, hybrid issuance, and fuel-cost securitizations, were highlighted as sources of financial flexibility.
- Storm-cost recovery is expected to be spread over several years, while regulatory decisions remain important to the outlook.
- Management previewed a new five-year capital investment and funding plan for Investor Day.
Management priorities
- Grow Florida electricity and gas demand through investment and new base rates.
- Advance grid hardening and undergrounding initiatives.
- Continue balance-sheet actions, including securitizations and hybrid debt issuance.
- Progress Tampa Electric and Nova Scotia regulatory filings and the New Mexico Gas sale.
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Beat
Miss
Match
Analyst 52W Price Targets
$45.66Current
$52Low
$52.5Average
$53High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 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 | Aug 10, 2026 |
| CIBC | Neutral | Outperform | Downgrade | Aug 11, 2025 |
Named analyst price targets
Upside is calculated against the persisted current price $45.66. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Michael Lonegan | $52 | $52.6 | +13.9% | May 11, 2026 |
| Barclays | Analyst unavailable | $53 | $52.7 | +16.1% | 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 earningsLatest beats and misses
Who reports nextBeat on EPS
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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 · 2026-10-11T18:00:41.122093+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T18:00:41.119230+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 2026-10-11. For educational purposes only; not investment advice.