Clearway Energy Inc expected to post earnings of 46  cents a share - Earnings Preview

Clearway Energy

29/07/2022 19:31

* Clearway Energy Inc  CWENa.N   CWENa.K  is expected
to show a
rise in quarterly revenue when it reports  results on August 2. 
    * The Princeton New Jersey-based  company is expected to
report  a
9.7% increase in revenue to $417.014 million from $380 million a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Clearway Energy Inc
is
for earnings of 46 cents per share. For the same quarter last
year, the company reported earnings of 30 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"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 $39.5​, above​ its last closing price of $34.43. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  -0.05       -0.07      -0.28     Missed  -300
 Dec. 31 2022  0.12        0.13       -0.07     Missed  -153
 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.        -0.16       -0.15      0.03      Beat    119.7
 31 2021                                                
 Dec. 31 2020  0.80        0.65       -0.21     Missed  -132.2
                                                        ​
 Sep. 30 2020  0.49        0.62       0.27      Missed  -56.6
 Jun. 30 2020  0.43        0.57       0.41      Missed  -28.1
 This summary was machine generated July 29 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated