11/7/2022 0 Comments Power plug stock![]() ![]() No investment decision can be efficient without considering a stock's valuation. The company topped consensus revenue estimates two times over this period. The company could not beat consensus EPS estimates in any of the last four quarters. EPS of -$0.30 for the same period compares with -$0.18 a year ago.Ĭompared to the Zacks Consensus Estimate of $169.06 million, the reported revenues represent a surprise of -10.53%. Plug Power reported revenues of $151.27 million in the last reported quarter, representing a year-over-year change of +21.4%. Last Reported Results and Surprise History The $910.96 million and $1.47 billion estimates for the current and next fiscal years indicate changes of +81.3% and +61.1%, respectively. In the case of Plug Power, the consensus sales estimate of $265.85 million for the current quarter points to a year-over-year change of +84.7%. So, it's important to know a company's potential revenue growth. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. ![]() Over the past month, the estimate has changed +9.4%.ġ2-month consensus EPS estimate for PLUG _12MonthEPSChartUrl ![]() ![]() This estimate has changed +0.2% over the last 30 days.įor the next fiscal year, the consensus earnings estimate of -$0.46 indicates a change of +51.2% from what Plug Power is expected to report a year ago. The consensus earnings estimate of -$0.96 for the current fiscal year indicates a year-over-year change of -20%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.2%. Plug Power is expected to post a loss of $0.22 per share for the current quarter, representing a year-over-year change of -15.8%. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. And if earnings estimates go up for a company, the fair value for its stock goes up. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. The key question now is: What could be the stock's future direction?Īlthough media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. During this period, the Zacks Manufacturing - Electronics industry, which Plug Power falls in, has lost 10.9%. Over the past month, shares of this alternative energy company have returned -23.9%, compared to the Zacks S&P 500 composite's -9.7% change. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. All Rights Reserved.Plug Power (PLUG) is one of the stocks most watched by visitors lately. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. ![]()
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