Clearway Energy Inc reports results for the quarter ended in January 1 - Earnings Summary

Clearway Energy

30/10/2024 15:12

* Clearway Energy Inc  CWENa.N  reported quarterly adjusted
earnings of 31 cents​​ per share for the quarter ended January
1, higher than the same quarter last year, when the company
reported EPS of 3 cents.  The mean expectation of five analysts
for the quarter was for earnings of 53 cents per share. Wall
Street expected results to range from 5 cents to $1.03 per
share.
    * Revenue rose 31% to $486.00 million from a year ago;
analysts
expected $414.85 million. 
    * Clearway Energy Inc's reported EPS for the quarter was 31
cents​.
    * The company reported quarterly net income of $36 million.
    * Clearway Energy Inc shares had fallen by 15.6% this
quarter and
lost 6.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"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 $33.00 
This summary was machine generated from LSEG data October 30 at
03:12 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
 Sep. 30 2024      0.53           0.31           Missed
 Jun. 30 2024      0.76           0.43           Missed
 Mar. 31 2024      -0.25          -0.02          Beat
 Dec. 31 2023      0.04           0.31           Beat