Talen Energy Corp reports results for the quarter ended June 30 - Earnings Summary

• Talen Energy Corp TLN.OQ reported quarterly adjusted earnings of $1.50​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of seven analysts for the quarter was for a loss of 18 cents per share. Wall Street expected results to range from $-1.06 to $1.00 per share.

• Revenue rose 28.8% to $630.00 million from a year ago; analysts expected $434.47 million.

• Talen Energy Corp's reported EPS for the quarter was $1.50​.

• The company reported quarterly net income of $72 million.

• Talen Energy Corp shares had risen by 30.2% this quarter and gained 88.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 136.9% 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 14 "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 $341.50, about 10.9% below its last closing price of $378.67

This summary was machine generated from LSEG data August 7 at 03:50 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)