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HA Sustainable Infrastructure Capital (HASI) Lags Q3 Earnings Estimates

Core Viewpoint - HA Sustainable Infrastructure Capital (HASI) reported quarterly earnings of 0.52pershare,missingtheZacksConsensusEstimateof0.52 per share, missing the Zacks Consensus Estimate of 0.55 per share, and down from 0.62pershareayearago[1][2]FinancialPerformanceThequarterlyearningssurprisewas5.450.62 per share a year ago [1][2] Financial Performance - The quarterly earnings surprise was -5.45%, with the company previously expected to post earnings of 0.58 per share but actually producing 0.63,resultinginasurpriseof8.620.63, resulting in a surprise of 8.62% [2] - Revenues for the quarter ended September 2024 were 21.33 million, surpassing the Zacks Consensus Estimate by 0.15%, but down from 36.76millionyearoveryear[3]Overthelastfourquarters,thecompanyhasexceededconsensusrevenueestimatesthreetimes[3]StockPerformanceSincethebeginningoftheyear,HASustainableInfrastructureCapitalshareshaveincreasedbyapproximately16.936.76 million year-over-year [3] - Over the last four quarters, the company has exceeded consensus revenue estimates three times [3] Stock Performance - Since the beginning of the year, HA Sustainable Infrastructure Capital shares have increased by approximately 16.9%, compared to the S&P 500's gain of 24.3% [4] - The current consensus EPS estimate for the upcoming quarter is 0.60 on revenues of 25.6million,andforthecurrentfiscalyear,itis25.6 million, and for the current fiscal year, it is 2.46 on revenues of $122.65 million [8] Industry Outlook - The Zacks Industry Rank for Financial - Miscellaneous Services is currently in the top 31% of over 250 Zacks industries, indicating a favorable outlook [9] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [6]