Recap: Hannon Armstrong Q4 Earnings
Portfolio Pulse from Benzinga Insights
Hannon Armstrong (NYSE:HASI) reported Q4 earnings with an EPS of $0.53, missing the estimated $0.58 by 8.62%. Revenue increased by $25.42 million from the same period last year. In the previous quarter, HASI beat EPS estimates by $0.09, leading to a 15.74% share price increase the next day. The company's earnings performance over the past four quarters shows fluctuating EPS but consistently increasing revenue.
February 15, 2024 | 9:30 pm
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Hannon Armstrong reported a Q4 EPS of $0.53, missing estimates by 8.62%, with a significant year-over-year revenue increase.
Missing the EPS estimate could lead to a negative short-term reaction in the stock price, especially considering the stock's positive response to the previous quarter's earnings beat. However, the significant increase in revenue year-over-year may mitigate some negative sentiment.
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