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

• NET Power Inc NPWR.N reported quarterly adjusted earnings of $3.57​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -16 cents. The mean expectation of two analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -15 cents to -8 cents per share.

• Reported revenue was zero​.

• The company reported a quarterly loss of $119.35 million.

• NET Power Inc shares had fallen by 27.8% this quarter and lost 82.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 115.1% 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 5 "strong buy" or "buy," no "hold" and 1 "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 NET Power Inc is $7.00

This summary was machine generated from LSEG data May 13 at 04:20 a.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)