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Seeking Clues to Plug Power (PLUG) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
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Wall Street analysts forecast that Plug Power (PLUG - Free Report) will report quarterly loss of -$0.07 per share in its upcoming release, pointing to a year-over-year increase of 41.7%. It is anticipated that revenues will amount to $195.4 million, exhibiting an increase of 10.4% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Plug Power metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Net revenue- Sales of equipment, related infrastructure and other' reaching $92.13 million. The estimate points to a change of -4.8% from the year-ago quarter.
According to the collective judgment of analysts, 'Net revenue- Services performed on fuel cell systems and related infrastructure' should come in at $29.46 million. The estimate points to a change of +49.2% from the year-ago quarter.
The combined assessment of analysts suggests that 'Net revenue- Fuel delivered to customers and related equipment' will likely reach $36.85 million. The estimate suggests a change of +2.6% year over year.
It is projected by analysts that the 'Net revenue- Power purchase agreements' will reach $27.35 million. The estimate suggests a change of +11.1% year over year.
Plug Power shares have witnessed a change of -24.2% in the past month, in contrast to the Zacks S&P 500 composite's -2% move. With a Zacks Rank #2 (Buy), PLUG is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Seeking Clues to Plug Power (PLUG) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
Wall Street analysts forecast that Plug Power (PLUG - Free Report) will report quarterly loss of -$0.07 per share in its upcoming release, pointing to a year-over-year increase of 41.7%. It is anticipated that revenues will amount to $195.4 million, exhibiting an increase of 10.4% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Plug Power metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Net revenue- Sales of equipment, related infrastructure and other' reaching $92.13 million. The estimate points to a change of -4.8% from the year-ago quarter.
According to the collective judgment of analysts, 'Net revenue- Services performed on fuel cell systems and related infrastructure' should come in at $29.46 million. The estimate points to a change of +49.2% from the year-ago quarter.
The combined assessment of analysts suggests that 'Net revenue- Fuel delivered to customers and related equipment' will likely reach $36.85 million. The estimate suggests a change of +2.6% year over year.
It is projected by analysts that the 'Net revenue- Power purchase agreements' will reach $27.35 million. The estimate suggests a change of +11.1% year over year.
View all Key Company Metrics for Plug Power here>>>Plug Power shares have witnessed a change of -24.2% in the past month, in contrast to the Zacks S&P 500 composite's -2% move. With a Zacks Rank #2 (Buy), PLUG is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .