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

Evgo

06/03/2024 14:38

* EVgo Inc  EVGO.OQ  reported a quarterly adjusted loss
of 12
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -6
cents.  The mean expectation of nine analysts for the quarter
was for a loss of 19 cents per share. Wall Street expected
results to range from -41 cents to -3 cents per share.
    * Revenue rose 83.1% to $49.99 million from a year ago;
analysts
expected $44.03 million. 
    * EVgo Inc's reported EPS for the quarter was a loss of 12
cents​.
    * The company reported a quarterly loss of $12.6 million.
    * EVgo Inc shares had fallen by 22.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
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 4 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is  "hold."

Wall Street's median 12-month price target for EVgo Inc is $5.50
This summary was machine generated from LSEG data March 6 at
02:37 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
 Dec. 31 2023      -0.19          -0.12          Beat
 Sep. 30 2023      -0.21          -0.09          Beat
 Jun. 30 2023      -0.27          -0.08          Beat
 Mar. 31 2023      -0.21          -0.18          Beat