Atlantica Sustainable Q2 2024 GAAP EPS $0.18 Misses $0.36 Estimate, Sales $328.262M Beat $326.447M Estimate
Portfolio Pulse from Benzinga Newsdesk
Atlantica Sustainable reported Q2 2024 GAAP EPS of $0.18, missing the $0.36 estimate. However, sales were $328.262M, beating the $326.447M estimate.
August 01, 2024 | 12:06 pm
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NEUTRAL IMPACT
Atlantica Sustainable's Q2 2024 GAAP EPS of $0.18 missed the $0.36 estimate, but sales of $328.262M beat the $326.447M estimate. This mixed result may lead to short-term volatility in the stock price.
The mixed earnings report, with a significant EPS miss but a slight sales beat, is likely to create short-term volatility in AY's stock price. Investors may react negatively to the EPS miss, but the sales beat could provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100