EVgo Inc reports results for the quarter ended June 30 - Earnings Summary

• EVgo Inc EVGO.OQ reported a quarterly adjusted loss of 10 cents​​ per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of nine analysts for the quarter was for a loss of 9 cents per share. Wall Street expected results to range from -13 cents to -5 cents per share.

• Revenue rose 47.2% to $98.03 million from a year ago; analysts expected $84.99 million.

• EVgo Inc's reported EPS for the quarter was a loss of 10 cents​.

• The company reported a quarterly loss of $13 million.

• EVgo Inc shares had fallen by 3.3% this quarter and lost 12.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for EVgo Inc is $7.00, about 49.6% above its last closing price of $3.53

This summary was machine generated from LSEG data August 5 at 01:32 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)