HighPeak Power, Inc. (HPK) got here out with quarterly earnings of $0.06 per share, lacking the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.66 per share a yr in the past. We usually make changes for non-recurring gadgets, however on this case no changes have been made.
This quarterly report represents an earnings shock of -53.85%. 1 / 4 in the past, it was anticipated that this firm would publish earnings of $0.23 per share when it really produced earnings of $0.35, delivering a shock of 52.17%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
HighPeak Power
The sustainability of the inventory’s quick worth motion primarily based on the recently-released numbers and future earnings expectations will principally rely upon administration’s commentary on the earnings name.
HighPeak Power shares have misplaced about 18.7% because the starting of the yr versus the S&P 500’s decline of -1.9%.
What’s Subsequent for HighPeak Power?
Whereas HighPeak Power has underperformed the market to date this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any straightforward solutions to this key query, however one dependable measure that may assist buyers handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and developments in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested ranking device just like the Zacks Rank, which has a formidable observe file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for HighPeak Power: 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 in keeping with the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.24 on $257.96 million in revenues for the approaching quarter and $1.01 on $1.05 billion in revenues for the present fiscal yr.
Buyers must be conscious of the truth that the outlook for the business can have a cloth impression on the efficiency of the inventory as properly. By way of the Zacks Business Rank, Oil and Fuel – Exploration and Manufacturing – United States is at present within the high 13% 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.
Vitesse Power (VTS), one other inventory in the identical business, has but to report outcomes for the quarter ended December 2024. The outcomes are anticipated to be launched on March 11.
This power firm is predicted to publish quarterly earnings of $0.26 per share in its upcoming report, which represents a year-over-year change of -50%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Vitesse Power’s revenues are anticipated to be $59.27 million, down 14.5% from the year-ago quarter.
(We’re reissuing this text to right a mistake. The unique article, issued on March 10, ought to not be relied upon.)
Ought to You Put money into HighPeak Power, Inc. (HPK)?
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HighPeak Energy, Inc. (HPK) : Free Stock Analysis Report
Vitesse Energy, Inc. (VTS) : 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 writer and don’t essentially replicate these of Nasdaq, Inc.
