Altus Power Inc expected to post a loss of 1 cent a share - Earnings Preview

Altus Power

12/03/2024 20:08

* Altus Power Inc  AMPS.N   AMPS.K  is expected to show a
rise in
quarterly revenue when it reports  results on March 14 for the
period ending December 31 2023
    * The Stamford Connecticut-based  company is expected to
report a
64.1% increase in revenue to $43.927 million from $26.76 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Altus Power Inc is for a
loss
of 1 cent per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Altus Power
Inc
is $9.00​, above​ its last closing price of $6.49. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.04        0.04       0.03      Missed  -22.4
 Jun. 30 2023  0.04        0.03       0.04      Beat    26.3
 Mar. 31 2023  -0.04       -0.03      0.03      Beat    190.9​
 Dec. 31 2022  0.03        0.01       0.42      Beat    5,150
 ​​Sep.        0.03        0.03       -0.63     Missed  -2,200
 30 2022                                                
 Jun. 30 2022  0.00        0.00       0.01      Beat    366.7​
 Mar. 31 2022  -0.02       -0.02      -0.03     Missed  -63.7
 Dec. 31 2021  -0.01       -0.01      0.20      Beat    2,452.
                                                        9
 This summary was machine generated March 12 at 20:08 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)