Clearway Energy Inc CWENa.N reported quarterly adjusted earnings of 28 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 43 cents. The mean expectation of seven analysts for the quarter was for earnings of 82 cents per share. Wall Street expected results to range from 52 cents to $1.06 per share.
Revenue rose 7.1% to $392.00 million from a year ago; analysts expected $430.95 million.
Clearway Energy Inc's reported EPS for the quarter was 28 cents.
The company reported quarterly net income of $33 million.
Clearway Energy Inc shares had risen by 1.7% this quarter and gained 25.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 11.7% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "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 $36.00, about 17.3% above its last closing price of $29.78
This summary was machine generated from LSEG data August 5 at 09:02 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)