Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Plug Power: mixed. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Plug Power has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
Plug Power shares have lost about 10.4% since the beginning of the year versus the S&P 500's decline of -8.2%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates four times over the last four quarters. This compares to year-ago revenues of $139.66 million. Plug Power, which belongs to the Zacks Manufacturing - Electronics industry, posted revenues of $161.91 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.21%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. A quarter ago, it was expected that this alternative energy company would post a loss of $0.09 per share when it actually produced a loss of $0.19, delivering a surprise of -111.11%. This quarterly report represents an earnings surprise of -166.67%. These figures are adjusted for non-recurring items. This compares to loss of $0.05 per share a year ago.
Plug Power (PLUG) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.12.
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