OPAL Fuels Q4 2023 GAAP EPS $0.11 Misses $0.28 Estimate, Sales $87.008M Miss $89.240M Estimate
Portfolio Pulse from Benzinga Newsdesk
OPAL Fuels reported Q4 2023 earnings of $0.11 per share, missing the consensus estimate of $0.28 by 60.71%. Quarterly sales were $87.008M, below the $89.240M estimate, but marked a 30.41% increase from the same period last year.
March 13, 2024 | 9:09 pm
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NEGATIVE IMPACT
OPAL Fuels missed Q4 2023 earnings and sales estimates, reporting EPS of $0.11 and sales of $87.008M, indicating a potential short-term negative impact on its stock price.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the significant year-over-year sales growth could mitigate some negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100