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

Clearway Energy

08/08/2023 14:32

* Clearway Energy Inc  CWENa.N  reported quarterly adjusted
earnings of 33 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 60 cents per share.
    * Revenue rose 10.3% to $406.00 million from a year ago;
analysts
expected $390.52 million. 
    * Clearway Energy Inc's reported EPS for the quarter was 33
cents​.
    * The mean earnings estimate of analysts had fallen by
about 37.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Clearway Energy Inc shares had fallen by 13.3% this
quarter and
lost 21.8% so far this year.
    * The company reported quarterly net income of $38 million.
    * Wall Street's median 12-month price target for Clearway
Energy
Inc is $36.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.60           0.33           Missed
 Mar. 31 2023      -0.37          0.00           Beat
 Dec. 31 2022      -0.88          0.10           Beat
 Sep. 30 2022      0.34           0.28           Missed