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

Clearway Energy

24/02/2023 22:22

* Clearway Energy Inc  CWENa.N  reported quarterly adjusted
earnings of 10 cents​​ per share for the quarter ended in
December. The mean expectation of five analysts for the quarter
was for a loss of 88 cents per share.
    * Revenue fell 15.7% to $268.00 million from a year ago;
analysts
expected $316.39 million. 
    * Clearway Energy Inc's reported EPS for the quarter was 10
cents​.
    * The mean earnings estimate of analysts had risen by
about 27.8%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Clearway Energy Inc shares had fallen by 1.3% this
quarter.
    * The company reported quarterly net income of $12 million.
    * Wall Street's median 12-month price target for Clearway
Energy
Inc is $39.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
24 at 10:22 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.88          0.10           Beat
 Sep. 30 2022      0.34           0.28           Missed
 Jun. 30 2022      0.46           4.89           Beat
 Mar. 31 2022      -0.07          -0.28          Missed