HA Sustainable Infrastructure Capital (NYSE:HASI) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$39.2m (up 17% from 2Q 2023).
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Net income: US$26.5m (up 99% from 2Q 2023).
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Profit margin: 68% (up from 40% in 2Q 2023). The increase in margin was primarily driven by lower expenses.
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EPS: US$0.23 (up from US$0.14 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
HA Sustainable Infrastructure Capital Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 29%.
Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company’s shares are down 5.0% from a week ago.
Risk Analysis
What about risks? Every company has them, and we’ve spotted 3 warning signs for HA Sustainable Infrastructure Capital (of which 1 can’t be ignored!) you should know about.
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