Scotiabank Forecasts Reduced Earnings for Canadian Utilities

Key Points

• Scotiabank cut its FY2026 EPS estimate for Canadian Utilities to C$2.47 (from C$2.52), versus a consensus full‑year estimate of C$2.41.
• Several other banks raised price targets (RBC to C$49, TD to C$47, CIBC to C$51), but the stock's average analyst rating remains Hold with an average price target of C$46.50.
• Shares trade around C$48.71 with a market cap of C$13.26B and a high reported P/E of 324.73, after a recent quarter showing C$0.72 EPS on C$971M revenue.

Canadian Utilities Limited (TSE:CU - Free Report) - Stock analysts at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for shares of Canadian Utilities in a research note issued to investors on Friday, May 1st. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $2.47 for the year, down from their prior estimate of $2.52. The consensus estimate for Canadian Utilities' current full-year earnings is $2.41 per share.

Canadian Utilities (TSE:CU - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$0.72 EPS for the quarter. The firm had revenue of C$971.00 million for the quarter. Canadian Utilities had a return on equity of 1.74% and a net margin of 3.22%.

A number of other research analysts have also commented on the company. Royal Bank Of Canada increased their price objective on Canadian Utilities from C$43.00 to C$49.00 and gave the company a "sector perform" rating in a research report on Friday, February 27th. National Bank Financial increased their price objective on Canadian Utilities from C$43.00 to C$45.00 and gave the company a "sector perform" rating in a research report on Friday, February 27th. TD Securities raised their price target on Canadian Utilities from C$41.00 to C$47.00 and gave the stock a "hold" rating in a research report on Tuesday, March 3rd. Finally, Canadian Imperial Bank of Commerce raised their price target on Canadian Utilities from C$47.00 to C$51.00 in a research report on Monday, April 20th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Canadian Utilities presently has an average rating of "Hold" and an average price target of C$46.50.

Canadian Utilities Stock Up 0.6%

Shares of CU opened at C$48.71 on Tuesday. The firm has a market capitalization of C$13.26 billion, a price-to-earnings ratio of 324.73, a PEG ratio of 2.38 and a beta of 0.55. The company has a debt-to-equity ratio of 194.86, a quick ratio of 1.30 and a current ratio of 1.56. The business's fifty day moving average price is C$48.47 and its two-hundred day moving average price is C$44.53. Canadian Utilities has a 52 week low of C$36.23 and a 52 week high of C$51.05.

Canadian Utilities Company Profile

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company's main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.

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