* Clearway Energy Inc reported quarterly adjusted earnings of 31 cents per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of five analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 5 cents to $1.03 per share.
* Revenue rose 31% to $486.00 million from a year ago; analysts expected $414.85 million.
* Clearway Energy Inc's reported EPS for the quarter was 31 cents.
* The company reported quarterly net income of $36 million.
* Clearway Energy Inc shares had fallen by 15.6% this quarter and lost 6.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 20% 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 10 "strong buy" or "buy," 1 "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 $33.00 This summary was machine generated from LSEG data October 30 at 03:12 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
Sep. 30 2024 0.53 0.31 Missed
Jun. 30 2024 0.76 0.43 Missed
Mar. 31 2024 -0.25 -0.02 Beat
Dec. 31 2023 0.04 0.31 Beat
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