OPAL Fuels Q2 2024 GAAP EPS $(0.01) Misses $0.08 Estimate, Sales $71.000M Miss $80.947M Estimate
Portfolio Pulse from Benzinga Newsdesk
OPAL Fuels (NASDAQ:OPAL) reported Q2 2024 GAAP EPS of $(0.01), missing the $0.08 estimate by 112.5%. Sales were $71.000M, missing the $80.947M estimate by 12.29%, but up 28.99% from $55.042M last year.
August 07, 2024 | 9:46 pm
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OPAL Fuels reported Q2 2024 GAAP EPS of $(0.01), missing the $0.08 estimate by 112.5%. Sales were $71.000M, missing the $80.947M estimate by 12.29%, but up 28.99% from $55.042M last year.
The significant miss on both EPS and sales estimates is likely to negatively impact OPAL's stock price in the short term. Despite the year-over-year sales growth, the market is likely to react more strongly to the missed expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100