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

Evgo

07/05/2024 14:32

* EVgo Inc  EVGO.OQ  reported a quarterly adjusted loss of 9
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of -18
cents.  The mean expectation of nine analysts for the quarter
was for a loss of 11 cents per share. Wall Street expected
results to range from -18 cents to -3 cents per share.
    * Revenue rose 118% to $55.16 million from a year ago;
analysts
expected $52.39 million. 
    * EVgo Inc's reported EPS for the quarter was a loss of 9
cents​.
    * The company reported a quarterly loss of $9.83 million.
    * EVgo Inc shares had fallen by 20.7% this quarter and
lost 44.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 35.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "buy"

Wall Street's median 12-month price target for EVgo Inc is $6.00
This summary was machine generated from LSEG data May 7 at 01:32
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
 Mar. 31 2024      -0.11          -0.09          Beat
 Dec. 31 2023      -0.19          -0.12          Beat
 Sep. 30 2023      -0.21          -0.09          Beat
 Jun. 30 2023      -0.27          -0.08          Beat