Dividend SustainabilityThe market is not currently rewarding EMA for its dividend growth, creating incremental market concerns around dividend sustainability due to the elevated EPS payout ratio.
Earnings PerformanceEMA reported Q4/23 adj. EPS of $0.63, below $0.70 consensus and the analyst's expectation of $0.66, indicating performance fell short of market expectations.
Financial TargetsEMA shares came under pressure likely due to the 10% EPS miss to consensus and not meeting FFO/debt targets, combined with rising long bond yields.