Altus Power Inc reports results for the quarter ended December 31 - Earnings Summary

Altus Power

17/03/2025 23:16

Altus Power Inc AMPS.N reported a quarterly adjusted loss of 38 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -17 cents.  The mean expectation of seven analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -9 cents tozero cents per share.

Revenue rose 30% to $44.47 million from a year ago; analysts expected $46.64 million.

Altus Power Inc's reported EPS for the quarter was a loss of 38 cents​.

The company reported a quarterly loss of $61.47 million.

Altus Power Inc shares had risen by 21.6% this quarter.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 5.8% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

The average consensus recommendation for the electric utilities peer group is also "hold"

Wall Street's median 12-month price target for Altus Power Inc is $5.00

This summary was machine generated from LSEG data March 17 at 11:15 p.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
Dec. 31 2024
-0.05
-0.38
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