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

Altus Power

15/03/2024 06:18

* Altus Power Inc  AMPS.N  reported a quarterly adjusted
loss
of 17 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 42 cents.  The mean expectation of seven analysts for the
quarter was for a loss of one cent per share. Wall Street
expected results to range from -4 cents to 2 cents per share.
    * Revenue rose 27.8% to $34.19 million from a year ago;
analysts
expected $43.93 million. 
    * Altus Power Inc's reported EPS for the quarter was a loss
of 17
cents​.
    * The company reported a quarterly loss of $27.13 million.
    * Altus Power Inc shares had fallen by 13.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 94.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," no
"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 $9.00 
This summary was machine generated from LSEG data March 15 at
06:17 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
 Dec. 31 2023      -0.01          -0.17          Missed
 Sep. 30 2023      0.04           0.03           Missed
 Jun. 30 2023      0.03           0.04           Beat
 Mar. 31 2023      -0.03          0.03           Beat