* Altus Power Inc reported quarterly adjusted earnings of 11 cents per share for the quarter , higher than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of nine analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from -1 cents to 8 cents per share.
* Revenue rose 30.2% to $58.68 million from a year ago; analysts expected $57.98 million.
* Altus Power Inc's reported EPS for the quarter was 11 cents.
* The company reported quarterly net income of $17.64 million.
* Altus Power Inc shares had risen by 7.5% this quarter and lost 49.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 20.8% in the last three months.
* In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 2 "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 Altus Power Inc is $5.25 This summary was machine generated from LSEG data November 13 at 12:06 a.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 0.03 0.11 Beat
Jun. 30 2024 0.03 0.24 Beat
Mar. 31 2024 -0.07 0.05 Beat
Dec. 31 2023 -0.01 -0.17 Missed
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