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

Altus Power

14/08/2023 14:31

* Altus Power Inc  AMPS.N  reported quarterly adjusted
earnings of
4 cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for earnings
of 3 cents per share.
    * Revenue rose 128.2% to $56.51 million from a year ago;
analysts
expected $44.36 million. 
    * Altus Power Inc's reported EPS for the quarter was 4
cents​.
    * The mean earnings estimate of analysts had risen by
about 94.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Altus Power Inc shares had risen by 15.6% this quarter and
lost 4.3% so far this year.
    * The company reported quarterly net income of $6.83
million.
    * Wall Street's median 12-month price target for Altus Power
Inc
is $10.00 
    * 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
August 14 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.03           0.04           Beat
 Mar. 31 2023      -0.03          0.03           Beat
 Dec. 31 2022      0.01           0.42           Beat
 Sep. 30 2022      0.03           -0.63          Missed