![]() ![]() ![]() So, it's important to know a company's potential revenue growth.įor Plug Power, the consensus sales estimate for the current quarter of $251.5 million indicates a year-over-year change of +66.3%. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Over the last 30 days, this estimate has changed -15%. The Zacks Consensus Estimate has changed -13.9% over the last 30 days.įor the current fiscal year, the consensus earnings estimate of -$0.89 points to a change of +28.8% from the prior year. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.įor the current quarter, Plug Power is expected to post a loss of $0.26 per share, indicating a change of +13.3% from the year-ago quarter. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. When earnings estimates for a company go up, the fair value for its stock goes up as well. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. The key question now is: What could be the stock's future direction?Īlthough media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. During this period, the Zacks Manufacturing - Electronics industry, which Plug Power falls in, has gained 3.1%. ![]() Over the past month, shares of this alternative energy company have returned +2.9%, compared to the Zacks S&P 500 composite's +1.1% change. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. was founded in 1997 and is headquartered in Latham, New York.Plug Power (PLUG) is one of the stocks most watched by visitors lately. The company sells its products to businesses, government agencies, and commercial consumers through direct product sales force, original equipment manufacturers, and their dealer networks. ![]() Its product line includes PEM GenDrive products for sale on commercial terms for industrial off-road consisting of forklift or material handling applications, with a focus on multi-shift high volume manufacturing and high throughput distribution sites. The company develops and sells a range of fuel cell systems comprising hydrogen-fueled Proton Exchange Membrane (PEM) systems. Plug Power Inc., an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of fuel cell systems for the industrial off-road markets worldwide. ![]()
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