Altus Power Inc expected to post earnings of 3 cents a share - Earnings Preview

Altus Power

07/08/2024 03:02

* Altus Power Inc  AMPS.N   AMPS.K  is expected to show a
rise in
quarterly revenue when it reports  results on August 8 for the
period ending June 30 2024
    * The Stamford Connecticut-based  company is expected to
report a
22.7% increase in revenue to $57.072 million from $46.51 million
a year ago, according to the mean estimate from 8 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Altus Power Inc is for
earnings of 3 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"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 $6.25​, above​ its last closing price of $3.59. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001               -0.01      0.05      Beat    168.6
 Dec. 31 0001              -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.        -0.04       -0.03      0.03      Beat    190.9
 31 2023                                                
 Dec. 31 2022  0.03        0.01       0.42      Beat    5,150​
 Sep. 30 2022  0.03        0.03       -0.63     Missed  -2,200
 Jan. 1 0001   0.00        0.00       0.01      Beat    366.7
 This summary was machine generated August 7 at 02:01 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)