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

Altus Power

30/03/2023 14:31

* Altus Power Inc  AMPS.N  reported quarterly adjusted
earnings of
42 cents​​ per share for the quarter ended in December. The mean
expectation of six analysts for the quarter was for earnings of
one cent per share.
    * Revenue rose 24% to $26.76 million from a year ago;
analysts
expected $26.67 million. 
    * Altus Power Inc's reported EPS for the quarter was 42
cents​.
    * The mean earnings estimate of analysts had risen by
about 220%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Altus Power Inc shares had fallen by 17.5% this quarter.
    * The company reported quarterly net income of $67.88
million.
    * Wall Street's median 12-month price target for Altus Power
Inc
is $12.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 30 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.01           0.42           Beat
 Sep. 30 2022      0.03           -0.63          Missed
 Jun. 30 2022      0.00           0.01           Beat
 Mar. 31 2022      -0.02          -0.03          Missed