EVgo Inc reports results for the quarter ended September 30 - Earnings Summary

• EVgo Inc reported a quarterly adjusted loss of 14 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of ten analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -15 cents to -8 cents per share.

• Revenue fell 1% to $91.42 million from a year ago; analysts expected $94.48 million.

• EVgo Inc's reported EPS for the quarter was a loss of 14 cents​.

• The company reported a quarterly loss of $20.26 million.

• EVgo Inc shares had risen by 45.2% this quarter and lost 37.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15% 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 4 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for EVgo Inc is $2.00, about 8.5% above its last closing price of $1.83

This summary was machine generated from LSEG data November 9 at 02:30 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)