Plug Power Q1 2024 Adj EPS $(0.46) Misses $(0.33) Estimate, Sales $120.30M Miss $157.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Plug Power reported Q1 2024 adjusted EPS of $(0.46), missing the $(0.33) estimate, with sales of $120.30M also missing the $157.58M estimate. This represents a 42.79% decrease in sales compared to the same period last year.
May 09, 2024 | 11:03 am
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NEGATIVE IMPACT
Plug Power's Q1 2024 earnings and sales missed estimates, with a significant decrease in sales compared to last year.
Missing both earnings and sales estimates significantly, especially with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the comparison to the previous year's performance are critical factors leading to a negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100