Atlantica Sustainable Q4 EPS $0.02 Beats $(0.24) Estimate, Sales $241.31M Miss $245.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
Atlantica Sustainable (NASDAQ:AY) reported Q4 earnings of $0.02 per share, surpassing the $(0.24) estimate, but its sales of $241.31M fell short of the $245.84M estimate. This represents a 33.33% decrease in earnings and a 0.95% decrease in sales from the same period last year.
March 01, 2024 | 12:46 pm
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Atlantica Sustainable reported a Q4 EPS of $0.02, beating estimates, but missed on sales with $241.31M against a $245.84M forecast. Earnings decreased by 33.33% YOY, and sales saw a slight decrease of 0.95%.
While Atlantica Sustainable's earnings per share exceeded expectations, the miss on sales forecasts and the year-over-year decrease in both earnings and sales could lead to mixed reactions in the short term. The positive earnings surprise may support the stock price, but the sales miss and decreases could temper gains.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100