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

• EVgo Inc EVGO.OQ reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of eleven analysts for the quarter was for a loss of 9 cents per share. Wall Street expected results to range from -11 cents to -4 cents per share.

• Revenue rose 36.5% to $75.29 million from a year ago; analysts expected $71.23 million.

• EVgo Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $11.36 million.

• EVgo Inc shares had risen by 4.1% this quarter and lost 31.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.8% 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 10 "strong buy" or "buy," 1 "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 EVgo Inc is $6.50

This summary was machine generated from LSEG data May 6 at 01:33 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)