Insights Into Plug Power (PLUG) Q3: Wall Street Projections for Key Metrics

Core Insights - Plug Power (PLUG) is expected to report a quarterly loss of -$0.13 per share, marking a 48% increase in losses compared to the same period last year, with revenues projected at $170.02 million, reflecting a year-over-year decrease of 2.1% [1] Earnings Estimates - Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2%, indicating a reassessment by analysts of their initial projections [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock price performance [3] Revenue Projections - Analysts predict 'Net revenue- Sales of equipment, related infrastructure and other' will reach $98.03 million, indicating a year-over-year change of -8.5% [5] - The consensus estimate for 'Net revenue- Services performed on fuel cell systems and related infrastructure' is $15.47 million, reflecting a year-over-year increase of 9.3% [5] - 'Net revenue- Power purchase agreements' is expected to be $21.20 million, showing a year-over-year change of +3.6% [6] - 'Net revenue- Fuel delivered to customers and related equipment' is projected at $32.53 million, indicating a year-over-year increase of 9.2% [6] Profitability Metrics - Analysts estimate 'Gross profit- Services performed on fuel cell systems and related infrastructure' will be $0.16 million, a significant decrease from $5.06 million reported in the same quarter of the previous year [7] Stock Performance - Shares of Plug Power have declined by 27.8% over the past month, contrasting with a +1.3% change in the Zacks S&P 500 composite, with a Zacks Rank 2 (Buy) suggesting that PLUG is expected to outperform the overall market in the near future [7]