OPAL Fuels Q3 EPS $(0.01) Vs $(0.06) last Year, Sales $71.10M Miss $77.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
OPAL Fuels reported a narrower Q3 loss of $(0.01) per share compared to $(0.06) last year, but missed sales estimates with $71.10M versus the expected $77.50M. Sales increased by 6.84% from the same period last year.
November 13, 2023 | 10:03 pm
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NEGATIVE IMPACT
OPAL Fuels reported a smaller loss per share in Q3 compared to last year, but failed to meet sales expectations, which could negatively impact investor sentiment.
While the reduction in losses per share indicates improved profitability, missing the sales estimates is typically viewed negatively by the market, potentially leading to a short-term decline in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100