Clearway Energy Inc reports results for the quarter ended December 31 - Earnings Summary

Clearway Energy

24/02/2025 22:01

* Clearway Energy Inc  CWENa.N  reported quarterly adjusted
earnings of 3 cents​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of 31 cents.  The mean expectation of six analysts
for the quarter was for earnings of 6 cents per share. Wall
Street expected results to range from -28 cents to 69 cents per
share.
    * Revenue rose 2.8% to $256.00 million from a year ago;
analysts
expected $294.08 million. 
    * Clearway Energy Inc's reported EPS for the quarter was 3
cents​.
    * The company reported quarterly net income of $3 million.
    * Clearway Energy Inc shares had risen by 5.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the independent
power
producers peer group is also "buy"

Wall Street's median 12-month price target for Clearway Energy
Inc is $34.00 
This summary was machine generated from LSEG data February 24 at
10:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.06           0.03           Missed
 Sep. 30 2024      0.53           0.31           Missed
 Jun. 30 2024      0.76           0.43           Missed
 Mar. 31 2024      -0.25          -0.02          Beat