Published on 4 May 2023 on Zacks via Yahoo Finance
Clearway Energy (CWEN) Reports Break-Even Earnings for Q1
Clearway Energy (CWEN) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.28 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this company created by NRG Energy to acquire and operate natural gas, solar and wind plants would post a loss of $0.88 per share when it actually produced earnings of $0.10, delivering a surprise of 111.36%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.