Nuscale Power Corp reports results for the quarter ended June 30 - Earnings Summary

• Nuscale Power Corp SMR.N reported a quarterly adjusted loss of 13 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -31 cents. The mean expectation of seven analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -13 cents to -10 cents per share.

• Revenue rose 732.9% to $8.05 million from a year ago; analysts expected $11.66 million.

• Nuscale Power Corp's reported EPS for the quarter was a loss of 13 cents​.

• The company reported a quarterly loss of $17.64 million.

• Nuscale Power Corp shares had risen by 12.9% this quarter and gained 149.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 24.7% 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 "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is "buy."

• Wall Street's median 12-month price target for Nuscale Power Corp is $35.00, about 27.7% below its last closing price of $44.68

This summary was machine generated from LSEG data August 8 at 06:28 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)