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Compared to Estimates, Plug Power (PLUG) Q1 Earnings: A Look at Key Metrics
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Plug Power (PLUG - Free Report) reported $133.67 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 11.2%. EPS of -$0.21 for the same period compares to -$0.43 a year ago.
The reported revenue represents a surprise of +1.08% over the Zacks Consensus Estimate of $132.25 million. With the consensus EPS estimate being -$0.20, the EPS surprise was -5.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Plug Power performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net revenue- Sales of equipment, related infrastructure and other: $63.51 million compared to the $72.12 million average estimate based on seven analysts. The reported number represents a change of -7% year over year.
Net revenue- Services performed on fuel cell systems and related infrastructure: $16.87 million compared to the $12.79 million average estimate based on seven analysts. The reported number represents a change of +29.6% year over year.
Net revenue- Power purchase agreements: $23.21 million compared to the $18.58 million average estimate based on seven analysts. The reported number represents a change of +26.8% year over year.
Net revenue- Fuel delivered to customers and related equipment: $29.46 million compared to the $24.63 million average estimate based on seven analysts. The reported number represents a change of +61.1% year over year.
Net revenue- Other: $0.63 million compared to the $2.25 million average estimate based on five analysts. The reported number represents a change of -73.4% year over year.
Gross profit- Sales of equipment, related infrastructure and other: -$11.05 million compared to the -$17.44 million average estimate based on six analysts.
Gross profit- Services performed on fuel cell systems and related infrastructure: $2.41 million versus the six-analyst average estimate of -$2.95 million.
Gross profit- Power purchase agreements: -$26.72 million compared to the -$15.32 million average estimate based on six analysts.
Gross profit- Fuel delivered to customers and related equipment: -$29.90 million compared to the -$22.90 million average estimate based on six analysts.
Gross profit- Other: $0.28 million compared to the $0.93 million average estimate based on three analysts.
Shares of Plug Power have returned -23.9% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Plug Power (PLUG) Q1 Earnings: A Look at Key Metrics
Plug Power (PLUG - Free Report) reported $133.67 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 11.2%. EPS of -$0.21 for the same period compares to -$0.43 a year ago.
The reported revenue represents a surprise of +1.08% over the Zacks Consensus Estimate of $132.25 million. With the consensus EPS estimate being -$0.20, the EPS surprise was -5.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Plug Power performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net revenue- Sales of equipment, related infrastructure and other: $63.51 million compared to the $72.12 million average estimate based on seven analysts. The reported number represents a change of -7% year over year.
- Net revenue- Services performed on fuel cell systems and related infrastructure: $16.87 million compared to the $12.79 million average estimate based on seven analysts. The reported number represents a change of +29.6% year over year.
- Net revenue- Power purchase agreements: $23.21 million compared to the $18.58 million average estimate based on seven analysts. The reported number represents a change of +26.8% year over year.
- Net revenue- Fuel delivered to customers and related equipment: $29.46 million compared to the $24.63 million average estimate based on seven analysts. The reported number represents a change of +61.1% year over year.
- Net revenue- Other: $0.63 million compared to the $2.25 million average estimate based on five analysts. The reported number represents a change of -73.4% year over year.
- Gross profit- Sales of equipment, related infrastructure and other: -$11.05 million compared to the -$17.44 million average estimate based on six analysts.
- Gross profit- Services performed on fuel cell systems and related infrastructure: $2.41 million versus the six-analyst average estimate of -$2.95 million.
- Gross profit- Power purchase agreements: -$26.72 million compared to the -$15.32 million average estimate based on six analysts.
- Gross profit- Fuel delivered to customers and related equipment: -$29.90 million compared to the -$22.90 million average estimate based on six analysts.
- Gross profit- Other: $0.28 million compared to the $0.93 million average estimate based on three analysts.
View all Key Company Metrics for Plug Power here>>>Shares of Plug Power have returned -23.9% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.