Altus Power, Inc. (AMPS) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

Core Insights - The market anticipates Altus Power, Inc. (AMPS) will report a year-over-year increase in earnings driven by higher revenues when it releases its results for the quarter ended December 2023 [1] - The earnings report is expected on March 14, 2024, and actual results will significantly influence the stock price, depending on whether they meet or exceed expectations [1] - The consensus estimate indicates a quarterly loss of $0.02 per share, reflecting a year-over-year change of +33.3%, with revenues projected at $42.85 million, up 60.1% from the previous year [2] Estimate Revisions - The consensus EPS estimate has been revised 5% lower in the last 30 days, indicating a reassessment by analysts [2] - The Most Accurate Estimate for Altus Power is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -25%, suggesting a bearish outlook from analysts [5] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank of 1, 2, or 3 [4] - Altus Power currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [5][6] Historical Performance - In the last reported quarter, Altus Power was expected to post earnings of $0.04 per share but delivered only $0.03, resulting in a surprise of -25% [7] - The company has not surpassed consensus EPS estimates in any of the last four quarters [7] Conclusion - Altus Power does not appear to be a compelling candidate for an earnings beat based on current estimates and historical performance [8] - Investors should consider other factors beyond earnings surprises when evaluating the stock ahead of its earnings release [8]