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

• Talen Energy Corp TLN.OQ reported a quarterly adjusted loss of $2.94​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 47 cents. The mean expectation of seven analysts for the quarter was for earnings of $1.19 per share. Wall Street expected results to range from 59 cents to $1.80 per share.

• Revenue fell 23.4% to $390.00 million from a year ago; analysts expected $493.64 million.

• Talen Energy Corp's reported EPS for the quarter was a loss of $2.94​.

• The company reported a quarterly loss of $135 million.

• Talen Energy Corp shares had risen by 15.8% this quarter and gained 14.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 29.8% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

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 Talen Energy Corp is $263.37

This summary was machine generated from LSEG data May 8 at 02:23 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)