What Analyst Projections for Key Metrics Reveal About Plug Power (PLUG) Q3 Earnings

Core Viewpoint - Plug Power (PLUG) is expected to report a quarterly loss of $0.24 per share, a 48.9% increase in losses compared to the same period last year, with revenues projected at $209.85 million, reflecting a year-over-year increase of 5.6% [1] Earnings Estimates - Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.1%, indicating a reassessment by analysts of their initial projections [2] - Changes in earnings estimates are crucial for predicting investor reactions to the stock, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock price performance [3] Revenue Projections - Analysts estimate that 'Net revenue- Sales of equipment, related infrastructure and other' will reach $145.46 million, showing a change of +0.2% from the year-ago quarter [5] - The projected 'Net revenue- Services performed on fuel cell systems and related infrastructure' is expected to be $13.97 million, indicating a significant year-over-year increase of +50.4% [5] - The consensus estimate for 'Net revenue- Power purchase agreements' is $18.62 million, reflecting a decrease of -7.2% from the prior-year quarter [6] - Analysts predict 'Net revenue- Fuel delivered to customers and related equipment' will reach $26.86 million, representing a year-over-year increase of +38.7% [6] Stock Performance - Shares of Plug Power have shown a return of -3.4% over the past month, contrasting with the Zacks S&P 500 composite's +3.2% change, and the stock is currently rated with a Zacks Rank 3 (Hold), suggesting it will likely mirror overall market performance in the near future [6]