Hannon Armstrong Sustainable Inf (NYSE: HASI) has reported E.P.S. of $1.08 for its first fiscal quarter (ending March 31) versus $0.26 for the same period a year ago — an increase of 315%. Relative to the consensus estimate of $0.65, this was a premium of $0.43. For the latest four quarters through March 31, E.P.S. were $2.22 compared to $0.22 a year ago — an increase of 909%.
Recent Price Action
On 5/7/24, Hannon Armstrong Sustainable Inf (NYSE: HASI) stock rose modestly by 0.5%, closing at $26.19. Trading volume in this advance was normal. Relative to the market the stock has been strong over the last nine months and has risen 2.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, HASI is expected to continue to be a Value Builder.
Hannon Armstrong Sustainable Inf has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Hannon Armstrong Sustainable Inf has a good Appreciation Score of 79 and a good Power Rating of 82, with the Highest Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Be the first to comment