Hannon Armstrong Q2 Adj EPS $0.53, Inline, Sales $48.22M Beat $41.45M Estimate
Portfolio Pulse from saritha@benzinga.com
Hannon Armstrong (NYSE:HASI) reported Q2 earnings of $0.53 per share, meeting analyst consensus. This is a decrease of 11.67% from the same period last year. The company's quarterly sales of $48.22 million beat the analyst consensus estimate of $41.45 million by 16.34%, but decreased by 23.22% from the same period last year.
August 04, 2023 | 2:30 pm
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NEGATIVE IMPACT
Hannon Armstrong's Q2 earnings met analyst expectations but decreased from last year. Sales exceeded estimates but also decreased from last year.
Hannon Armstrong's earnings met analyst expectations, which is positive. However, the decrease in both earnings and sales compared to the same period last year could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100