Talen Energy Corp reports results for the quarter ended September 30 - Earnings Summary

• Talen Energy Corp TLN.OQ reported quarterly adjusted earnings of $4.25​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $3.16. The mean expectation of eleven analysts for the quarter was for earnings of $3.05 per share. Wall Street expected results to range from 80 cents to $4.64 per share.

• Revenue rose 24.9% to $812.00 million from a year ago; analysts expected $662.01 million.

• Talen Energy Corp's reported EPS for the quarter was $4.25​.

• The company reported quarterly net income of $207 million.

• Talen Energy Corp shares had fallen by 7.1% this quarter and gained 96.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.4% 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 17 "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 Talen Energy Corp is $440.00, about 10.2% above its last closing price of $395.25

This summary was machine generated from LSEG data November 5 at 10:01 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)