Monday, November 25, 2024

HA Sustainable Infrastructure Capital Second Quarter 2024 Earnings: Misses Expectations

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HA Sustainable Infrastructure Capital (NYSE:HASI) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$39.2m (up 17% from 2Q 2023).

  • Net income: US$26.5m (up 99% from 2Q 2023).

  • Profit margin: 68% (up from 40% in 2Q 2023). The increase in margin was primarily driven by lower expenses.

  • EPS: US$0.23 (up from US$0.14 in 2Q 2023).

earnings-and-revenue-growth

earnings-and-revenue-growth

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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