Atlantica Sustainable Q2 EPS $0.31 Beats $0.21 Estimate, Sales $312.11M Miss $315.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Atlantica Sustainable (NASDAQ:AY) reported Q2 earnings of $0.31 per share, beating the analyst consensus estimate of $0.21 by 47.62%. This is a 121.43% increase from the same period last year. However, the company's quarterly sales of $312.11 million missed the analyst consensus estimate of $315.89 million by 1.20%.
August 01, 2023 | 11:16 am
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NEUTRAL IMPACT
Atlantica Sustainable's Q2 earnings beat estimates but sales missed. This mixed result could lead to short-term uncertainty in the stock's performance.
While the company's earnings beat estimates, which is generally a positive signal, the missed sales estimates could cause some concern among investors. This mixed result could lead to short-term uncertainty in the stock's performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100