Yahoo Finance Clearway Energy First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Clearway Energy (NYSE:CWEN.A) First Quarter 2024 Results
Key Financial Results
Revenue: US$263.0m (down 8.7% from 1Q 2023).
Net loss: US$2.00m (flat on 1Q 2023).
US$0.017 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Clearway Energy EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) exceeded analyst estimates by 94%.
Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Renewable Energy industry in the US.
Performance of the American Renewable Energy industry.
The company's shares are up 11% from a week ago.
Risk Analysis
You should learn about the 4 warning signs we've spotted with Clearway Energy (including 1 which is significant).
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
