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

• Altus Power Inc AMPS.N reported a quarterly adjusted loss of 38 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -17 cents. The mean expectation of seven analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -9 cents tozero cents per share.

• Revenue rose 30% to $44.47 million from a year ago; analysts expected $46.64 million.

• Altus Power Inc's reported EPS for the quarter was a loss of 38 cents​.

• The company reported a quarterly loss of $61.47 million.

• Altus Power Inc shares had risen by 21.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electric utilities peer group is also "hold"

Wall Street's median 12-month price target for Altus Power Inc is $5.00

This summary was machine generated from LSEG data March 17 at 11:15 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)