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

Clearway Energy

02/11/2023 13:33

* Clearway Energy Inc  CWENa.N  reported quarterly adjusted
earnings of 3 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 28 cents.  The mean expectation of
six analysts for the quarter was for earnings of 66 cents per
share. Wall Street expected results to range from 43 cents
to $1.01 per share.
    * Revenue rose 9.1% to $371.00 million from a year ago;
analysts
expected $368.87 million. 
    * Clearway Energy Inc's reported EPS for the quarter was 3
cents​.
    * The company reported quarterly net income of $4 million.
    * Clearway Energy Inc shares had risen by 4.4% this
quarter and
lost 30.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Clearway
Energy
Inc is $29.00 

This summary was machine generated from LSEG data November 2 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.66           0.03           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