OPAL Fuels Inc. (OPAL) got here out with a quarterly lack of $0.05 per share versus the Zacks Consensus Estimate of $0.44. This compares to earnings of $0.11 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -111.36%. 1 / 4 in the past, it was anticipated that this firm would put up earnings of $0.18 per share when it really produced earnings of $0.09, delivering a shock of -50%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
OPAL FUELS INC
The sustainability of the inventory’s instant worth motion primarily based on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
OPAL FUELS INC shares have misplaced about 31% for the reason that starting of the yr versus the S&P 500’s decline of -4.8%.
What’s Subsequent for OPAL FUELS INC?
Whereas OPAL FUELS INC has underperformed the market to date this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist buyers deal with 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 these days.
Empirical analysis reveals a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a powerful monitor file of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for OPAL FUELS INC: favorable. 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 #1 (Robust Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably 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 $0.62 on $84 million in revenues for the approaching quarter and $1.58 on $388.23 million in revenues for the present fiscal yr.
Buyers ought to be aware 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 Business Rank, Different Vitality – Different is presently within the high 27% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the identical business, Altus Energy, Inc. (AMPS), is but to report outcomes for the quarter ended December 2024. The outcomes are anticipated to be launched on March 17.
This firm is predicted to put up quarterly lack of $0.04 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Altus Energy, Inc.’s revenues are anticipated to be $46.55 million, up 36.2% from the year-ago quarter.
Ought to You Put money into OPAL Fuels Inc. (OPAL)?
Earlier than you put money into OPAL Fuels Inc. (OPAL), wish to know one of the best shares to purchase for the subsequent 30 days? Try Zacks Funding Analysis for our free report on the 7 best stocks to purchase.
Zacks Funding Analysis has been dedicated to offering buyers with instruments and impartial analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a mean achieve of +24.08% per yr. (These returns cowl a interval from January 1, 1988 by Might 6, 2024.)
OPAL Fuels Inc. (OPAL) : Free Stock Analysis Report
Altus Power, Inc. (AMPS) : 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.
