New Forecasts: Here's What Analysts Think The Future Holds For Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)
Shareholders in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with analysts modelling a real improvement in business performance.
After this upgrade, Hannon Armstrong Sustainable Infrastructure Capital's eight analysts are now forecasting revenues of US$149m in 2023. This would be a substantial 26% improvement in sales compared to the last 12 months. Statutory earnings per share are presumed to leap 162% to US$1.26. Prior to this update, the analysts had been forecasting revenues of US$132m and earnings per share (EPS) of US$1.04 in 2023. There has definitely been an improvement in perception recently, with the analysts substantially increasing both their earnings and revenue estimates.
View our latest analysis for Hannon Armstrong Sustainable Infrastructure Capital
Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Hannon Armstrong Sustainable Infrastructure Capital's growth to accelerate, with the forecast 59% annualised growth to the end of 2023 ranking favourably alongside historical growth of 15% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 45% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Hannon Armstrong Sustainable Infrastructure Capital is expected to grow much faster than its industry.
The Bottom Line
The most important thing to take away from this upgrade is that analysts upgraded their earnings per share estimates for this year, expecting improving business conditions. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. With a serious upgrade to expectations, it might be time to take another look at Hannon Armstrong Sustainable Infrastructure Capital.
Analysts are clearly in love with Hannon Armstrong Sustainable Infrastructure Capital at the moment, but before diving in - you should be aware that we've identified some warning flags with the business, such as its declining profit margins. For more information, you can click through to our platform to learn more about this and the 2 other flags we've identified .
Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks that insiders are buying.
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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.
