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

Evgo

01/08/2024 14:33

* EVgo Inc  EVGO.OQ  reported a quarterly adjusted loss
of 10
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of -8
cents.  The mean expectation of eleven analysts for the quarter
was for a loss of 9 cents per share. Wall Street expected
results to range from -11 cents to -2 cents per share.
    * Revenue rose 31.8% to $66.62 million from a year ago;
analysts
expected $59.37 million. 
    * EVgo Inc's reported EPS for the quarter was a loss of 10
cents​.
    * The company reported a quarterly loss of $10.38 million.
    * EVgo Inc shares had risen by 56.7% this quarter and
gained 7.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 15.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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 $5.00
This summary was machine generated from LSEG data August 1 at
01:33 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
 Jun. 30 2024      -0.09          -0.10          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