Plug Power Earnings Preview
Portfolio Pulse from Benzinga Insights
Plug Power (NASDAQ:PLUG) is scheduled to release its quarterly earnings report on Friday, 2024-03-01, with analysts expecting an EPS of $-0.44. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Historically, the company missed its EPS estimate last quarter by $0.17, leading to a 40.47% drop in share price the following day. Shares are currently trading at $3.43, down 57.59% over the last 52 weeks, indicating a negative sentiment among long-term shareholders.
February 29, 2024 | 2:00 pm
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NEGATIVE IMPACT
Plug Power is expected to report an EPS of $-0.44 for the upcoming quarter. The company's stock has been under pressure, with a significant drop following the last earnings miss and a 57.59% decline over the past year.
Given the historical performance where a miss in EPS expectations led to a significant drop in share price, and the overall negative trend over the past year, it's likely that any negative news or failure to meet expectations could lead to a further decline in PLUG's stock price in the short term. Positive guidance could mitigate this, but the recent history suggests a cautious approach.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100