![]() Last Reported Results and Surprise History ![]() For the current and next fiscal years, $1.31 billion and $2.02 billion estimates indicate +86.9% and +54.2% changes, respectively. So, it's important to know a company's potential revenue growth.įor Plug Power, the consensus sales estimate for the current quarter of $251.5 million indicates a year-over-year change of +66.3%. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Over the last 30 days, this estimate has changed -15%.ġ2-month consensus EPS estimate for PLUG _12MonthEPSChartUrl The Zacks Consensus Estimate has changed -13.9% over the last 30 days.įor the current fiscal year, the consensus earnings estimate of -$0.89 points to a change of +28.8% from the prior year. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.įor the current quarter, Plug Power is expected to post a loss of $0.26 per share, indicating a change of +13.3% from the year-ago quarter. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. When earnings estimates for a company go up, the fair value for its stock goes up as well. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. ![]() This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. The key question now is: What could be the stock's future direction?Īlthough media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. During this period, the Zacks Manufacturing - Electronics industry, which Plug Power falls in, has gained 3.1%. Over the past month, shares of this alternative energy company have returned +2.9%, compared to the Zacks S&P 500 composite's +1.1% change. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. This group has a Zacks Industry Rank of 45, putting it in the top 18% of all 250+ industries.Plug Power (PLUG) is one of the stocks most watched by visitors lately. The Manufacturing - Electronics industry is part of the Industrial Products sector. Plug Power currently has a Zacks Rank of #3 (Hold). Over the past month, the Zacks Consensus EPS estimate has moved 2.18% lower. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. Our research shows that these estimate changes are directly correlated with near-term stock prices. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. These revisions help to show the ever-changing nature of near-term business trends. Our most recent consensus estimate is calling for quarterly revenue of $217.87 million, up 54.73% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of -$0.74 per share and revenue of $1.32 billion, which would represent changes of +40.8% and +88.35%, respectively, from the prior year.Īny recent changes to analyst estimates for Plug Power should also be noted by investors. On that day, Plug Power is projected to report earnings of -$0.25 per share, which would represent year-over-year growth of 7.41%. Wall Street will be looking for positivity from Plug Power as it approaches its next earnings report date. This has lagged the Industrial Products sector's loss of 0.81% and the S&P 500's gain of 6.11% in that time. ![]() Prior to today's trading, shares of the alternative energy company had lost 20.42% over the past month. Elsewhere, the Dow gained 1.14%, while the tech-heavy Nasdaq added 2.94%. This move lagged the S&P 500's daily gain of 1.33%. Plug Power (PLUG) closed the most recent trading day at $9.30, moving -0.96% from the previous trading session.
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