Altus Energy, Inc. (AMPS) got here out with a quarterly lack of $0.32 per share versus the Zacks Consensus Estimate of a lack of $0.04. This compares to lack of $0.04 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -700%. 1 / 4 in the past, it was anticipated that this firm would put up earnings of $0.03 per share when it really produced earnings of $0.11, delivering a shock of 266.67%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Altus Energy
The sustainability of the inventory’s rapid worth motion primarily based on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Altus Energy shares have added about 21.6% for the reason that starting of the yr versus the S&P 500’s decline of -4.1%.
What’s Subsequent for Altus Energy?
Whereas Altus Energy has outperformed the market up to now this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and developments in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a powerful monitor file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Altus Energy: blended. Whereas the magnitude and path of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out according to the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is -$0.07 on $44.88 million in revenues for the approaching quarter and -$0.10 on $226.88 million in revenues for the present fiscal yr.
Traders must be conscious of the truth that the outlook for the business can have a cloth affect on the efficiency of the inventory as properly. When it comes to the Zacks Trade Rank, Various Power – Different is at the moment within the high 26% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the broader Zacks Oils-Power sector, Canadian Photo voltaic (CSIQ), has but to report outcomes for the quarter ended December 2024. The outcomes are anticipated to be launched on March 25.
This photo voltaic wafers producer is anticipated to put up quarterly lack of $0.21 per share in its upcoming report, which represents a year-over-year change of -950%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Canadian Photo voltaic’s revenues are anticipated to be $1.58 billion, down 7.2% from the year-ago quarter.
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Altus Power, Inc. (AMPS) : Free Stock Analysis Report
Canadian Solar Inc. (CSIQ) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
