Hannon Armstrong (HASI) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Hannon Armstrong (HASI) reported $33.63 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 29.8%. EPS of $0.53 for the same period compares to $0.60 a year ago.
The reported revenue represents a surprise of +4.65% over the Zacks Consensus Estimate of $32.13 million. With the consensus EPS estimate being $0.53, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hannon Armstrong performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Interest Income: $48.22 million versus $44.85 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +44.6% change.
Revenue- Rental Income: $6.49 million compared to the $6.54 million average estimate based on three analysts. The reported number represents a change of -1.9% year over year.
Revenue- Gain on sale of receivables and investments: $14.79 million compared to the $17.52 million average estimate based on three analysts. The reported number represents a change of -24.8% year over year.
View all Key Company Metrics for Hannon Armstrong here>>>
Shares of Hannon Armstrong have returned -2% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) : Free Stock Analysis Report
