Clearway Energy (CWEN) Q1 Earnings Surpass Estimates

Core Viewpoint - Clearway Energy reported quarterly earnings of $0.03 per share, surpassing the Zacks Consensus Estimate of a loss of $0.25 per share, and showing improvement from a loss of $0.02 per share a year ago [1][2]. Financial Performance - The earnings surprise for the quarter was 112%, although the company had a negative surprise of -76.92% in the previous quarter [2]. - Clearway Energy's revenues for the quarter were $298 million, which missed the Zacks Consensus Estimate by 4.12%, but increased from $263 million year-over-year [3]. - Over the last four quarters, the company has only surpassed consensus revenue estimates once [3]. Stock Performance - Clearway Energy shares have increased approximately 14.2% since the beginning of the year, contrasting with a -5.5% decline in the S&P 500 [4]. - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call [4]. Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.62 on revenues of $444.09 million, and for the current fiscal year, it is $0.74 on revenues of $1.5 billion [8]. - The estimate revisions trend for Clearway Energy is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [7]. Industry Context - The Alternative Energy - Other industry, to which Clearway Energy belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting potential challenges ahead [9].