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

Altus Power

09/11/2024 24:50

* Altus Power Inc  AMPS.N   AMPS.K  is expected to show a
rise in
quarterly revenue when it reports  results on November 12 for
the period ending September 30 2024
    * The Stamford Connecticut-based  company is expected to
report a
28.6% increase in revenue to $57.976 million from $45.08 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 7 "strong buy" or "buy," 2
"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 $5.25​, above​ its last closing price of $3.11. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.05        0.03       0.24      Beat    668
 Mar. 31 2024  -0.08       -0.07      0.05      Beat    168.6
 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.        0.04        0.03       0.04      Beat    26.3
 30 2023                                                
 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. 30 2022  0.03        0.03       -0.63     Missed  -2,200
 This summary was machine generated November 9 at 00:50 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)