Insights Into Plug Power (PLUG) Q3: Wall Street Projections for Key Metrics

In its upcoming report, Plug Power (PLUG) is predicted by Wall Street analysts to post quarterly loss of -$0.13 per share, reflecting an increase of 48% compared to the same period last year. Revenues are forecasted to be $170.02 million, representing a year-over-year decrease of 2.1%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.With that in mind, let's delve into the average projections of some Plug Power metrics that are commonly tracked and projected by analysts on Wall Street.Analysts predict that the 'Net revenue- Sales of equipment, related infrastructure and other' will reach $98.03 million. The estimate indicates a change of -8.5% from the prior-year quarter.The consensus estimate for 'Net revenue- Services performed on fuel cell systems and related infrastructure' stands at $15.47 million. The estimate indicates a year-over-year change of +9.3%.The combined assessment of analysts suggests that 'Net revenue- Power purchase agreements' will likely reach $21.20 million. The estimate indicates a year-over-year change of +3.6%.Analysts expect 'Net revenue- Fuel delivered to customers and related equipment' to come in at $32.53 million. The estimate suggests a change of +9.2% year over year.According to the collective judgment of analysts, 'Gross profit- Services performed on fuel cell systems and related infrastructure' should come in at $0.16 million. Compared to the current estimate, the company reported $5.06 million in the same quarter of the previous year. View all Key Company Metrics for Plug Power here>>> Shares of Plug Power have experienced a change of -27.8% in the past month compared to the +1.3% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), PLUG is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Plug Power, Inc. (PLUG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks