Altus Power, Inc. (AMPS) Reports Q4 Loss, Misses Revenue Estimates

Core Viewpoint - Altus Power, Inc. reported a quarterly loss of $0.04 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.02, marking a significant earnings surprise of -100% [1] - The company generated revenues of $34.19 million for the quarter, missing the Zacks Consensus Estimate by 20.21%, but showing an increase from $26.76 million year-over-year [1] Financial Performance - The quarterly loss of $0.04 per share compares to a loss of $0.03 per share a year ago, indicating a decline in performance [1] - Over the last four quarters, the company has consistently failed to meet consensus EPS estimates [1] - The company has exceeded consensus revenue estimates twice in the last four quarters [1] Market Performance - Altus Power, Inc. shares have decreased by approximately 12.5% since the beginning of the year, contrasting with the S&P 500's gain of 8.3% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.05 on revenues of $41.85 million, and for the current fiscal year, it is -$0.04 on revenues of $225.54 million [4] - The estimate revisions trend for Altus Power, Inc. is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market [4] Industry Context - The Alternative Energy - Other industry, to which Altus Power belongs, is currently ranked in the bottom 33% of over 250 Zacks industries, indicating potential challenges ahead [5] - The performance of Altus Power's stock may be influenced by the overall outlook of the industry [5]