Categories AlphaGraphs, Analysis, Energy

Earnings Preview: Will the Trump effect translate to Plug Power in Q3?

Hydrogen fuel cell maker Plug Power Inc (PLUG) is expected to post its third-quarter earnings result before the opening bell on Thursday, November 8. Trump’s latest administrative effects are expected to help the company as the US manufacturing sector has picked up on increased capital spending and hiring driven by massive tax overhaul, deregulatory measures, strong domestic economy and robust business sentiment.

Nevertheless, the Street estimates sales of $48.56 million in the quarter for the alternative power company, which is 21% lower than last year’s $61.43 million.

Plug Power Q3 2018 Earnings Preview
Plug Power’s GenSure E-2200x fuel cell (Courtesy: Plug Power)

Last quarter, Plug Power Inc. (PLUG) posted a loss of $0.12 per share on revenues of $39.9 million, missing estimates — even after it posted an impressive top-line growth vs. a year ago.

This was the same period when the company started shipping its new GenDrive 2440-36R fuel cell system used in Class-2 electric forklifts.

Almost $20 million in total operating expenses affected the bottom-line, and this will also be in focus in the coming results.

However, since the US manufacturing sector has witnessed a resurgence under the Trump administration from how it was last year, we could see this translate to Power Plug. Be on the lookout for expense cuts and tax gains when the results are out on Thursday.

 

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text.

Most Popular

AVGO Earnings: All you need to know about Broadcom Q1 2021 earnings results

Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared

Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss

Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million

Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?

With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top