Brookfield Renewable Corp reports results for the quarter ended June 30 - Earnings Summary

• Brookfield Renewable Corp BEPC reported a quarterly adjusted loss of 22 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -28 cents. The mean expectation of three analysts for the quarter was for a loss of 25 cents per share. Wall Street expected results to range from -43 cents to -7 cents per share.

• Revenue rose 14.2% to $1.69 billion from a year ago; analysts expected $1.61 billion.

• Brookfield Renewable Corp's reported EPS for the quarter was a loss of 22 cents​.

• The company reported a quarterly loss of $112 million.

• Brookfield Renewable Corp shares had risen by 11.7% this quarter and gained 32.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "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 Brookfield Renewable Corp is $32.00, about 14.5% below its last closing price of $36.63

This summary was machine generated from LSEG data August 1 at 01:32 p.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)