Altus Power, Inc. (AMPS) Tops Q2 Earnings Estimates

分组1 - Altus Power, Inc. reported quarterly earnings of $0.16 per share, significantly exceeding the Zacks Consensus Estimate of $0.03 per share, representing an earnings surprise of 433.33% [1] - The company posted revenues of $52.46 million for the quarter ended June 2024, which was 8.95% below the Zacks Consensus Estimate and an increase from $46.51 million year-over-year [1] - Over the last four quarters, Altus Power has surpassed consensus EPS estimates only once and has missed revenue estimates three times [1] 分组2 - The stock has underperformed, losing approximately 50.4% since the beginning of the year, while the S&P 500 has gained 9% [2] - The current consensus EPS estimate for the upcoming quarter is $0.03 on revenues of $62.84 million, and for the current fiscal year, it is $0.04 on revenues of $209.26 million [4] - The Zacks Industry Rank for Alternative Energy - Other is in the bottom 40% of over 250 Zacks industries, indicating potential challenges for stock performance [5]