OPAL Fuels Inc. (OPAL) Q3 Earnings and Revenues Lag Estimates

Core Viewpoint - OPAL Fuels Inc. reported quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.18 per share, and compared to a loss of $0.01 per share a year ago, indicating a significant earnings surprise of -50% [1][2] Financial Performance - The company posted revenues of $84.05 million for the quarter ended September 2024, which was 5.35% below the Zacks Consensus Estimate and an increase from $71.1 million in the same quarter last year [2] - Over the last four quarters, OPAL Fuels has only surpassed consensus EPS estimates once [2] Stock Performance - OPAL Fuels shares have declined approximately 30.3% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current Zacks Rank for OPAL Fuels is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.26 on revenues of $95.66 million, and for the current fiscal year, it is $0.75 on revenues of $324.41 million [7] - The trend for estimate revisions ahead of the earnings release was unfavorable, which may impact future stock performance [6] Industry Context - The Alternative Energy - Other industry, to which OPAL Fuels belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8]