HA Sustainable Infrastructure Capital Inc reports results for the quarter ended in June - Earnings Summary

HA Sustainable Infrastructure Capital

01/08/2024 22:41

* HA Sustainable Infrastructure Capital Inc  HASI.N 
reported
quarterly adjusted earnings of 63 cents​​ per share for the
quarter ended in June, higher than the same quarter last year,
when the company reported EPS of 53 cents.  The mean expectation
of eleven analysts for the quarter was for earnings of 57 cents
per share. Wall Street expected results to range from 51 cents
to 69 cents per share.
    * Revenue rose 96% to $94.52 million from a year ago;
analysts
expected $71.55 million. 
    * HA Sustainable Infrastructure Capital Inc's reported EPS
for the
quarter was 23 cents​.
    * The company reported quarterly net income of $26.54
million.
    * HA Sustainable Infrastructure Capital Inc shares had risen
by 10.7% this quarter and gained 18.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for HA Sustainable
Infrastructure Capital Inc is $36.00 
This summary was machine generated from LSEG data August 1 at
09:41 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024                     0.63           
 Mar. 31 2024      0.57           0.68           Beat
 Dec. 31 2023      0.58           0.53           Missed
 Sep. 30 2023      0.53           0.62           Beat