Altus Power Inc reports results for the quarter - Earnings Summary

Altus Power

13/11/2024 24:06

* Altus Power Inc  AMPS.N  reported quarterly adjusted
earnings of
11 cents​​ per share for the quarter , higher than the same
quarter last year, when the company reported EPS of 3 cents. 
The mean expectation of nine analysts for the quarter was
for earnings of 3 cents per share. Wall Street expected
results to range from -1 cents to 8 cents per share.
    * Revenue rose 30.2% to $58.68 million from a year ago;
analysts
expected $57.98 million. 
    * Altus Power Inc's reported EPS for the quarter was 11
cents​.
    * The company reported quarterly net income of $17.64
million.
    * Altus Power Inc shares had risen by 7.5% this quarter and
lost 49.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the electric
utilities
peer group is also "buy"

Wall Street's median 12-month price target for Altus Power Inc
is $5.25 
This summary was machine generated from LSEG data November 13 at
12:06 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.03           0.11           Beat
 Jun. 30 2024      0.03           0.24           Beat
 Mar. 31 2024      -0.07          0.05           Beat
 Dec. 31 2023      -0.01          -0.17          Missed