* Altus Power Inc reported quarterly adjusted earnings of 11 cents​​ per share for the quarter , higher than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of nine analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from -1 cents to 8 cents per share.

* Revenue rose 30.2% to $58.68 million from a year ago; analysts expected $57.98 million.

* Altus Power Inc's reported EPS for the quarter was 11 cents​.

* The company reported quarterly net income of $17.64 million.

* Altus Power Inc shares had risen by 7.5% this quarter and lost 49.9% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 20.8% in the last three months.​

* In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 2 "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 Altus Power Inc is $5.25 This summary was machine generated from LSEG data November 13 at 12:06 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 0.03 0.11 Beat

Jun. 30 2024 0.03 0.24 Beat

Mar. 31 2024 -0.07 0.05 Beat

Dec. 31 2023 -0.01 -0.17 Missed