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

• Clearway Energy Inc CWENa.N reported quarterly adjusted earnings of 3 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of six analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from -28 cents to 69 cents per share.

• Revenue rose 2.8% to $256.00 million from a year ago; analysts expected $294.08 million.

• Clearway Energy Inc's reported EPS for the quarter was 3 cents​.

• The company reported quarterly net income of $3 million.

• Clearway Energy Inc shares had risen by 5.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.1% 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 11 "strong buy" or "buy," no "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 $34.00

This summary was machine generated from LSEG data February 24 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)