Hannon Armstrong (NYSE:HASI) reported its Q1 earnings results on Tuesday, May 3, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Hannon Armstrong beat estimated earnings by 10.64%, reporting an EPS of $0.52 versus an estimate of $0.47.
Revenue was up $5.14 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 10.88% increase in the share price the next day.
Here's a look at Hannon Armstrong's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.41 | 0.41 | 0.39 | 0.40 |
| EPS Actual | 0.47 | 0.41 | 0.57 | 0.43 |
| Revenue Estimate | 27.69M | 26.28M | 23.42M | 24.62M |
| Revenue Actual | 30.54M | 26.24M | 25.02M | 25.10M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Hannon Armstrong management provided guidance for FY 2024, expecting earnings between $2.4 and $2.4 per share.
To track all earnings releases for Hannon Armstrong visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
