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A month has gone by since the last earnings report for Clearway Energy (CWEN). Shares have added about 11.2% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Clearway Energy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
It turns out, estimates review have trended upward during the past month.
The consensus estimate has shifted 15.08% due to these changes.
VGM Scores
Currently, Clearway Energy has a poor Growth Score of F, however its Momentum Score is doing a lot better with an A. Charting a somewhat similar path, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Clearway Energy has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Clearway Energy is part of the Zacks Alternative Energy - Other industry. Over the past month, TC Energy (TRP), a stock from the same industry, has gained 10.3%. The company reported its results for the quarter ended December 2024 more than a month ago.
TC Energy reported revenues of $2.56 billion in the last reported quarter, representing a year-over-year change of -17.8%. EPS of $0.75 for the same period compares with $0.99 a year ago.
TC Energy is expected to post earnings of $0.73 per share for the current quarter, representing a year-over-year change of -20.7%. Over the last 30 days, the Zacks Consensus Estimate has changed +4.5%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for TC Energy. Also, the stock has a VGM Score of C.
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Clearway Energy, Inc. (CWEN) : Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).