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

• NRG Energy Inc NRG.N reported quarterly adjusted earnings of $2.68​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $2.31. The mean expectation of seven analysts for the quarter was for earnings of $1.49 per share. Wall Street expected results to range from 72 cents to $1.85 per share.

• Revenue rose 15.6% to $8.59 billion from a year ago; analysts expected $7.83 billion.

• The company reported quarterly net income of $733 million.

• NRG Energy Inc shares had risen by 25.0% this quarter and gained 32.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.1% 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 8 "strong buy" or "buy," 4 "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 NRG Energy Inc is $127.50

This summary was machine generated from LSEG data May 12 at 01:31 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)