EVgo Inc reports results for the quarter ended December 31 - Earnings Summary

• EVgo Inc EVGO.OQ reported a quarterly adjusted loss of 11 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -12 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 tozero cents per share.

• Revenue rose 35% to $67.51 million from a year ago; analysts expected $69.10 million.

• EVgo Inc's reported EPS for the quarter was a loss of 11 cents​.

• The company reported a quarterly loss of $12.42 million.

• EVgo Inc shares had fallen by 39.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.5% 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 10 "strong buy" or "buy," 1 "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 $8.00

This summary was machine generated from LSEG data March 4 at 04:03 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)