Brokerages predict that Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) will announce ($0.24) earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Brookfield Renewable Partners L.P.’s earnings. The highest EPS estimate is ($0.20) and the lowest is ($0.27). Brookfield Renewable Partners L.P. reported earnings of ($0.12) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 100%. The firm is scheduled to report its next earnings results on Friday, August 4th.

According to Zacks, analysts expect that Brookfield Renewable Partners L.P. will report full-year earnings of ($0.36) per share for the current fiscal year, with EPS estimates ranging from ($0.38) to ($0.33). For the next fiscal year, analysts anticipate that the firm will post earnings of $0.10 per share, with EPS estimates ranging from ($0.05) to $0.26. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Brookfield Renewable Partners L.P..

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.05. Brookfield Renewable Partners L.P. had a net margin of 2.82% and a return on equity of 0.75%. The business had revenue of $683 million during the quarter, compared to the consensus estimate of $721.75 million.

BEP has been the subject of a number of recent research reports. Barclays PLC reiterated an “equal weight” rating and set a $32.00 price target (down previously from $33.00) on shares of Brookfield Renewable Partners L.P. in a research note on Sunday, April 23rd. Zacks Investment Research upgraded shares of Brookfield Renewable Partners L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. BMO Capital Markets cut shares of Brookfield Renewable Partners L.P. from an “outperform” rating to a “market perform” rating and set a $33.00 target price for the company. in a research note on Wednesday, May 24th. They noted that the move was a valuation call. Macquarie downgraded shares of Brookfield Renewable Partners L.P. from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 28th. Finally, Wells Fargo & Company assumed coverage on shares of Brookfield Renewable Partners L.P. in a report on Tuesday, May 9th. They issued an “outperform” rating for the company. Eight analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $36.57.

Large investors have recently added to or reduced their stakes in the company. Global X Management Co. LLC boosted its stake in Brookfield Renewable Partners L.P. by 10.0% in the second quarter. Global X Management Co. LLC now owns 316,513 shares of the utilities provider’s stock valued at $10,109,000 after buying an additional 28,773 shares in the last quarter. American Assets Capital Advisers bought a new stake in Brookfield Renewable Partners L.P. during the second quarter valued at about $10,520,000. Bowen Hanes & Co. Inc. boosted its stake in Brookfield Renewable Partners L.P. by 0.4% in the second quarter. Bowen Hanes & Co. Inc. now owns 268,495 shares of the utilities provider’s stock valued at $8,576,000 after buying an additional 1,000 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Brookfield Renewable Partners L.P. during the second quarter valued at about $259,000. Finally, First Manhattan Co. boosted its stake in Brookfield Renewable Partners L.P. by 3.0% in the second quarter. First Manhattan Co. now owns 564,697 shares of the utilities provider’s stock valued at $17,979,000 after buying an additional 16,522 shares in the last quarter. 54.24% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Partners L.P. (BEP) traded up 3.21% during midday trading on Monday, hitting $35.00. 114,689 shares of the stock traded hands. The company has a 50-day moving average price of $32.88 and a 200 day moving average price of $30.87. Brookfield Renewable Partners L.P. has a one year low of $26.61 and a one year high of $35.00. The stock’s market cap is $10.38 billion.

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Brookfield Renewable Partners L.P. Company Profile

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as a pure-play renewable power platform. Its segments include Hydroelectric, Wind, Other and Corporate.

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