Altus Power Q1 2024 GAAP EPS $0.05 Beats $(0.08) Estimate, Sales $40.659M Beat $39.920M Estimate
Portfolio Pulse from Benzinga Newsdesk
Altus Power (NYSE:AMPS) reported Q1 2024 earnings of $0.05 per share, surpassing the $(0.08) estimate, marking a 162.5% beat and a 66.67% increase from last year's $0.03. Sales reached $40.659M, exceeding the $39.920M estimate by 1.85% and showing a 38.40% increase from the previous year's $29.378M.
May 09, 2024 | 8:45 pm
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Altus Power reported a significant beat on both EPS and sales estimates for Q1 2024, with EPS at $0.05 against a $(0.08) estimate and sales of $40.659M against a $39.920M estimate.
The significant beat on both earnings per share (EPS) and sales estimates for Altus Power in Q1 2024 indicates a strong financial performance and operational efficiency, likely leading to positive investor sentiment and potential stock price appreciation in the short term. The company's performance exceeded analyst expectations by a wide margin, which could result in increased investor confidence and demand for AMPS shares.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100