Altus Power Q3 EPS $0.03 Misses $0.08 Estimate, Sales $45.08M Miss $52.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Altus Power (NYSE:AMPS) reported Q3 earnings of $0.03 per share, missing the consensus estimate of $0.08 by 62.5%. Sales were $45.08M, also below the expected $52.11M. Despite the miss, this reflects a significant improvement over the previous year, with a 104.76% increase in earnings and a 48.10% increase in sales compared to the same quarter last year.
November 13, 2023 | 12:03 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Altus Power reported lower-than-expected Q3 earnings and sales, with EPS at $0.03 missing estimates by 62.5% and sales at $45.08M missing by 13.49%. However, there was a significant year-over-year improvement in both earnings and sales.
The missed earnings and sales estimates are likely to negatively impact investor sentiment in the short term, leading to a potential decrease in stock price. However, the year-over-year growth may provide some cushion to the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100