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

• Clearway Energy Inc CWENa.N reported quarterly adjusted earnings of 3 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of seven analysts for the quarter was for a loss of 24 cents per share. Wall Street expected results to range from -77 cents to 3 cents per share.

• Revenue rose 13.3% to $298.00 million from a year ago; analysts expected $302.92 million.

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

• The company reported quarterly net income of $4 million.

• Clearway Energy Inc shares had fallen by 2.2% this quarter and gained 13.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 31.6% 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 13 "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 $35.00

This summary was machine generated from LSEG data April 30 at 09:01 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)