OPAL Fuels Q1 2024 GAAP EPS $(0.01) Misses $0.03 Estimate, Sales $64.952M Miss $79.272M Estimate
Portfolio Pulse from Benzinga Newsdesk
OPAL Fuels (NASDAQ:OPAL) reported Q1 2024 earnings with a GAAP EPS of $(0.01), missing the $0.03 estimate, and sales of $64.952M, below the $79.272M estimate. Despite the miss, this represents an 83.33% improvement in EPS and a 51.20% increase in sales compared to the same period last year.
May 09, 2024 | 9:38 pm
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OPAL Fuels reported a Q1 2024 GAAP EPS of $(0.01), missing estimates by 133.33%, and sales of $64.952M, missing estimates by 18.06%, but showed significant improvement from the previous year.
Missing both EPS and sales estimates significantly, especially in a growth-focused market, is likely to negatively impact investor sentiment and stock price in the short term. However, the year-over-year improvements in both EPS and sales indicate underlying strength, which may mitigate some negative impacts.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100