Recap: Altus Power Q4 Earnings
Portfolio Pulse from Benzinga Insights
Altus Power (NYSE:AMPS) reported Q4 earnings with an EPS of $-0.17, missing estimates by -1600.0% against an expected $-0.01. Revenue increased by $7.43 million from the previous year. Despite missing EPS estimates last quarter followed by a 13.0% share price increase, this quarter's performance may concern investors.
March 14, 2024 | 8:35 pm
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NEGATIVE IMPACT
Altus Power reported a significant miss in Q4 earnings with an EPS of $-0.17, vastly underperforming the estimated $-0.01. Revenue increased by $7.43 million from the same period last year.
The significant miss in earnings per share (EPS) by -1600.0% compared to estimates is likely to negatively impact investor sentiment and potentially the stock price in the short term. Historically, a miss in EPS has been followed by a share price increase, but such a substantial miss may not follow the same pattern. The increase in revenue indicates some positive aspects, but the EPS miss overshadows this.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100