What is Clarus Securities’ Estimate for TSE:PIF Q3 Earnings?

Polaris Renewable Energy Inc. (TSE:PIF) – Clarus Securities reduced their Q3 2024 EPS estimates for Polaris Renewable Energy in a research note issued on Wednesday, October 30th. Clarus Securities analyst S. Kammermayer now forecasts that the company will post earnings per share of $0.07 for the quarter, down from their prior estimate of $0.15. The consensus estimate for Polaris Renewable Energy’s current full-year earnings is $0.65 per share. Clarus Securities also issued estimates for Polaris Renewable Energy’s FY2024 earnings at $0.52 EPS, Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.30 EPS, Q3 2026 earnings at $0.29 EPS and FY2026 earnings at $1.12 EPS.

Separately, National Bankshares upped their price target on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th.

Polaris Renewable Energy Stock Performance

TSE:PIF opened at C$12.00 on Thursday. The firm has a market capitalization of C$252.96 million, a PE ratio of 24.00, a PEG ratio of 3.28 and a beta of 0.97. The stock’s fifty day moving average is C$12.30 and its 200 day moving average is C$12.49. Polaris Renewable Energy has a fifty-two week low of C$11.08 and a fifty-two week high of C$14.14. The company has a debt-to-equity ratio of 62.63, a quick ratio of 1.64 and a current ratio of 1.86.

Polaris Renewable Energy (TSE:PIF) last announced its earnings results on Thursday, August 1st. The company reported C$0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.03). Polaris Renewable Energy had a net margin of 10.08% and a return on equity of 2.88%. The business had revenue of C$25.59 million for the quarter, compared to analysts’ expectations of C$25.50 million.

About Polaris Renewable Energy

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.