![]() Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. 8.53 +0.02 (+0.24) Summary Financials Analysis Earnings Investors. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Ĭlearly, recent earnings estimate revisions suggest that good things are ahead for Plug Power, and that a beat might be in the cards for the upcoming report. PLUG Nasdaq Stock Market delayed by 15 minutes CURRENCY IN USD Renewable Energy. Given that PLUG has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. ![]() Operator: Greeting, and welcome to the Plug Power Q2 Call Operator Instructions. Organize windows on your iPad and external display with Stage Manager. Reported EPS is -0.35 EPS, expectations were -0.28. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here). power adapter, then plug the power adapter to a power outlet. Quote Why is this Important?Ī positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. ![]() This suggests that analysts have very recently bumped up their estimates for PLUG, giving the stock a Zacks Earnings ESP of +15.10% heading into earnings season. In fact, the Most Accurate Estimate for the current quarter is currently at a loss of 10 cents per share for PLUG, compared to a broader Zacks Consensus Estimate of a loss of 12 cents per share. After all, analysts raising estimates right before earnings - with the most up-to-date information possible - is a pretty good indicator of some favorable trends underneath the surface for PLUG in this report. That is because Plug Power is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. Investors are always looking for stocks that are poised to beat at earnings season and Plug Power PLUG may be one such company. (NASDAQ: PLUG) Q2 2023 Earnings Call Transcript August 9, 2023.
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