Clearway Energy Inc expected to post earnings of 4 cents a share - Earnings Preview

Clearway Energy

20/02/2024 14:09

* Clearway Energy Inc  CWENa.N   CWENa.K  is expected
to show a
rise in quarterly revenue when it reports  results on February
22 for the period ending December 31 2023
    * The Princeton New Jersey-based  company is expected to
report a
10.0% increase in revenue to $294.733 million from $268 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data. (Sales is on total operating revenue basis)
    * ​LSEG's mean analyst estimate for Clearway Energy Inc is
for
earnings of 4 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"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 $29.00​, above​ its last closing price of $22.33. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.62        0.66       0.03      Missed  -95.4
 Jun. 30 2023  0.61        0.60       0.33      Missed  -45.2
 Mar. 31 2023  -0.37       -0.37      0.00      Beat    100​
 Dec. 31 2022  -0.49       -0.88      0.10      Beat    111.4
 ​​Sep.        0.29        0.34       0.28      Missed  -18.1
 30 2022                                                
 Jun. 30 2022  0.47        0.46       4.89      Beat    958.4​
 Mar. 31 2022  -0.05       -0.07      -0.28     Missed  -300
 Dec. 31 2021  0.12        0.13       -0.07     Missed  -153
 This summary was machine generated February 20 at 14:09 GMT. 
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)