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

Altus Power

15/05/2023 14:32

* Altus Power Inc  AMPS.N  reported quarterly adjusted
earnings of
3 cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for a loss
of 4 cents per share.
    * Revenue rose 53% to $29.38 million from a year ago;
analysts
expected $30.17 million. 
    * Altus Power Inc's reported EPS for the quarter was 3
cents​.
    * The mean earnings estimate of analysts had fallen by
about 47.8%
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 12.2% this
quarter and
lost 26.2% so far this year.
    * The company reported quarterly net income of $5.62
million.
    * Wall Street's median 12-month price target for Altus Power
Inc
is $10.50 
    * 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 May
15 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.04          0.03           Beat
 Dec. 31 2022      0.01           0.42           Beat
 Sep. 30 2022      0.03           -0.63          Missed
 Jun. 30 2022      0.00           0.01           Beat