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

• NRG Energy Inc NRG.N reported quarterly adjusted earnings of $1.68​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $3.37. The mean expectation of five analysts for the quarter was for earnings of $1.56 per share. Wall Street expected results to range from $1.38 to $1.75 per share.

• Revenue rose 1.2% to $6.74 billion from a year ago; analysts expected $6.67 billion.

• NRG Energy Inc's reported EPS for the quarter was a loss of 62 cents​.

• The company reported a quarterly loss of $121 million.

• NRG Energy Inc shares had risen by 7.1% this quarter and gained 90.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.7% 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 6 "strong buy" or "buy," 5 "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 $185.00, about 7% above its last closing price of $171.96

This summary was machine generated from LSEG data August 6 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)