Talen Energy Corp reports results for the quarter ended December 31 - Earnings Summary

• Talen Energy Corp TLN.OQ reported quarterly adjusted earnings of $2.07​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -10 cents. The mean expectation of six analysts for the quarter was for a loss of 13 cents per share. Wall Street expected results to range from $-2.55 to $2.12 per share.

• Revenue fell 19.4% to $425.00 million from a year ago; analysts expected $448.54 million.

• Talen Energy Corp's reported EPS for the quarter was $2.07​.

• The company reported quarterly net income of $82 million.

• Talen Energy Corp shares had risen by 8.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 30.8% 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 "strong 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 "strong buy"

Wall Street's median 12-month price target for Talen Energy Corp is $266.00

This summary was machine generated from LSEG data February 28 at 03:58 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)