Clearway Energy Inc expected to post a loss of 37 cents a share - Earnings Preview

Clearway Energy

02/05/2023 19:37

* Clearway Energy Inc  CWENa.N   CWENa.K  is expected
to show a
rise in quarterly revenue when it reports  results on May 4. 
    * The Princeton New Jersey-based  company is expected to
report  a
17.2% increase in revenue to $250.81 million from $214 million a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Clearway Energy Inc
is
for a loss of 37 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Clearway
Energy
Inc is $37.75​, above​ its last closing price of $28.87. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.49       -0.88      0.10      Beat    111.4
 Sep. 30 2022  0.29        0.34       0.28      Missed  -18.1
 Jun. 30 2022  0.47        0.46       4.89      Beat    958.4​
 Mar. 31 2022  -0.05       -0.07      -0.28     Missed  -300
 ​​Dec.        0.12        0.13       -0.07     Missed  -153
 31 2021                                                
 Sep. 30 2021  0.73        0.74       0.18      Missed  -75.5​
 Jun. 30 2021  0.26        0.35       0.30      Missed  -14.3
 Mar. 31 2021  -0.16       -0.15      0.03      Beat    119.7
 This summary was machine generated May 2 at 18:36 GMT.  All
figures in US dollars  unless otherwise stated