Altus Power Inc expected to post a loss of 7 cents a share - Earnings Preview

Altus Power

08/05/2024 02:27

* Altus Power Inc  AMPS.N   AMPS.K  is expected to show a
rise in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The Stamford Connecticut-based  company is expected to
report a
38.8% increase in revenue to $40.777 million from $29.38 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Altus Power Inc is for a
loss
of 7 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 40.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Altus Power
Inc
is $8.00​, above​ its last closing price of $4.50. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.01       -0.01      -0.17     Missed  -1,356
                                                        .7
 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.        0.03        0.01       0.42      Beat    5,150
 31 2022                                                
 Sep. 30 2022  0.03        0.03       -0.63     Missed  -2,200
                                                        ​
 Jun. 30 2022  0.00        0.00       0.01      Beat    366.7
 Mar. 31 2022  -0.02       -0.02      -0.03     Missed  -63.7
 This summary was machine generated May 8 at 01:27 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)