AMPS Earnings Prediction
The chart below shows how AMPS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AMPS sees a +3.01% change in stock price 10 days leading up to the earnings, and a -6.72% change 10 days following the report. On the earnings day itself, the stock moves by +1.30%. This data can give you a slight idea of what to expect for the next quarter's release.
AMPS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
58.68M
30.17%
11.86%
Gross Margin
50.51%
-3.26%
10.31%
Operating Margin
25.82%
4.24%
-15.40%
Net Margin
14.67%
-2.40%
-76.78%
EPS
0.11
266.67%
-52.17%
No Data Available
AMPS Earnings Analysis
Altus Power, Inc. Corporation (AMPS.N) Earnings Conference Call
Positive
Clean Electricity Revenue Growth: During the third quarter of 2024, we generated 333 million kilowatt hours of clean electricity from our portfolio, resulting in $58.7 million of revenue compared to $45.1 million in the third quarter of 2023, an increase of 30%.
Quarterly Net Income Increase: GAAP net income for the quarter was $8.6 million compared to net income of $6.8 million during the third quarter of 2023.
Adjusted EBITDA Growth: We reported $37 million in adjusted EBITDA compared to $29.1 million in the third quarter of 2023, amounting to growth of 27%.
Asset Portfolio Performance: Our robust and growing portfolio of operating assets is generating power and associated revenue daily across the country.
Market Opportunity and Strategy: We have a large market opportunity in front of us and are refining our go-to-market strategy, which has improved our prospects for development pipeline execution, allowing us to deepen customer relationships and maximize revenue potential.
Negative
Quarterly Net Income Increase: GAA net income for the quarter was $8.6 million compared to net income of $6.8 million during the third quarter of 2023.
Operating Revenue Drivers: The primary drivers for the change relative to last year were an increase in operating revenues, an noncash gain from the remeasurement of our alignment shares and an income tax benefit for the quarter, which were partially offset by increased operating expenses and interest expense.
Adjusted EBITDA Growth: Moving to the non-GAAP measure of adjusted EBITDA; we reported $37 million compared to $29.1 million in the third quarter of 2023, amounting to growth of 27%.
Solar Project Cost Decline: The decline in cost to build solar projects, combined with the secular rise in electricity prices create a compelling financial landscape for our continued growth.
Clean Electricity Revenue Growth: During the third quarter of 2024, we generated 333 million kilowatt hours of clean electricity from our portfolio. This power was sold to our customers at long-term contracted rates that resulted in $58.7 million of revenue compared to $45.1 million in the third quarter of 2023, an increase of 30%.
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AMPS Earning Call Sentiment
Altus Power, Inc. (AMPS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
AMPS.N
-1.71%Positive
The earnings call summary highlights a 20% YoY revenue increase and a share repurchase program, which are positive indicators. However, there are concerns about decreased gross margins and supply chain challenges. The Q&A reveals management's optimism but lack of specific guidance, which could limit upside potential. Overall, the positive revenue growth and shareholder return plan outweigh the negatives, suggesting a positive stock price movement in the short term.