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

• NET Power Inc NPWR.N reported a quarterly adjusted loss of 46 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -34 cents. The mean expectation of three analysts for the quarter was for a loss of 13 cents per share. Wall Street expected results to range from -18 cents to -5 cents per share.

• Reported revenue was zero​; analysts expected zero.

• The company reported a quarterly loss of $34.32 million.

• NET Power Inc shares had fallen by 34.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 NET Power Inc is $17.00

This summary was machine generated from LSEG data March 10 at 04:34 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)