TransAlta: Q1 Earnings Insights - TransAlta (NYSE:TAC)

TransAlta TAC reported its Q1 earnings results on Friday, May 6, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

TransAlta beat estimated earnings by 800.0%, reporting an EPS of $0.54 versus an estimate of $0.06.

Revenue was up $73.23 million from the same period last year.

Last quarter the company missed on EPS by $0.29 which was followed by a 1.57% drop in the share price the next day.

Here's a look at TransAlta's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.06	0.10
EPS Actual	-0.23	0.35	-0.03	-0.09
Revenue Estimate	460.49M	427.75M	489.36M	489.36M
Revenue Actual	483.85M	675.07M	503.74M	506.86M

To track all earnings releases for TransAlta visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.