Atlantica Sustainable Infrastructure Reports Earnings Beat Despite Revenue Miss
May 6, 2023
Trending News ☀️
The company reported a loss of -$0.09 per share on a GAAP basis, exceeding estimates of -$0.22. However, the reported revenue of $242.51M fell short of the expected $265.57M. Atlantica Sustainable Infrastructure ($NASDAQ:AY) is a global renewable energy infrastructure company focused on developing, owning, and operating renewable energy and storage assets in North America, South America, and Europe. The company focuses on building and managing a diversified portfolio of clean energy assets, with a portfolio of wind, solar, hydroelectric and storage assets. They also offer services, including asset management and operations and maintenance services.
Earnings
ATLANTICA SUSTAINABLE INFRASTRUCTURE reported its earnings of FY2022 Q4, ending December 31 2022. Despite a slight miss in total revenue, the company managed to beat Wall Street’s expectations for net income. Total revenue for the quarter totaled 243.62M USD, a 10.2% decrease from the previous year.
Net income reached 4.03M USD, a 133.8% decrease from the previous year. From the past three years, total revenue has decreased from 244.53M USD to 243.62M USD.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AY. More…
| Total Revenues | Net Income | Net Margin |
| 1.1k | -5.44 | -0.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AY. More…
| Operations | Investing | Financing |
| 586.32 | -57.44 | -535.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.1k | 7.31k | 13.79 |
Key Ratios Snapshot
Some of the financial key ratios for AY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.9% | -20.0% | 25.4% |
| FCF Margin | ROE | ROA |
| 46.3% | 11.0% | 1.9% |
Price History
On the day, the stock opened at $25.3 and closed at $24.8, down 0.3% from the prior closing price of $24.9. Despite the miss on revenue, the company was still able to report an earnings beat which helped buoy their stock price. The lower-than-expected revenue figure was attributed to a decrease in demand for the company’s services among their customers. Nevertheless, the company was still able to report a positive quarter despite the decline in revenue. Live Quote…
Analysis
GoodWhale’s analysis of ATLANTICA SUSTAINABLE INFRASTRUCTURE’s financial fundamentals reveal that it is a high risk investment. Our Risk Rating algorithm assigns a score based on financial and business aspects and our analysis of ATLANTICA SUSTAINABLE INFRASTRUCTURE has revealed that the risk level is high. Our system has detected 2 risk warnings in the income sheet and balance sheet. To learn more about these warnings and other financial indicators, register on goodwhale.com and use our analysis tools to make sound investment decisions. More…
Peers
The competition among Atlantica Sustainable Infrastructure PLC, Brookfield Renewable Partners LP, Brookfield Renewable Corp, and Northland Power Inc is fierce. All four companies are striving to be the leading provider of sustainable infrastructure solutions. Each company has its own unique strengths and weaknesses, and they are constantly trying to one-up each other. This competition is good for the consumer, as it drives down prices and drives up innovation.
– Brookfield Renewable Partners LP ($TSX:BEP.UN)
As of 2022, Brookfield Renewable Partners LP has a market cap of 10.74B and a Return on Equity of 16.34%. The company operates as a renewable energy company with a focus on hydroelectric power, wind power, and solar power. The company owns and operates a portfolio of renewable power assets across North America, South America, Europe, and Asia.
– Brookfield Renewable Corp ($TSX:BEPC)
As of 2022, Brookfield Renewable Corp has a market cap of 7.18B and a Return on Equity of 30.68%. The company operates in the renewable energy sector and is one of the largest global providers of renewable power. Brookfield Renewable’s business model is based on long-term contracts with utilities and other customers, which provides stable and predictable cash flows. The company has a diversified portfolio of assets across North America, South America, Europe, and Asia.
– Northland Power Inc ($TSX:NPI)
Northland Power Inc is a Canadian electricity generation and energy infrastructure company with a market cap of 9.16B as of 2022. The company has a Return on Equity of 22.74%. Northland Power owns and operates a diversified portfolio of power plants in Canada, the United States, Germany, and Taiwan, totaling over 2,000 MW of installed capacity. The company produces electricity from thermal, wind, solar, and hydro power facilities and sells it to utilities and other large commercial customers under long-term power purchase agreements.
Summary
Atlantica Sustainable Infrastructure, an energy infrastructure company, recently released its quarterly results for the last quarter. Despite the revenue miss, the company’s strong EPS beat was the primary driver of investor sentiment and the stock rose sharply in response to the news. Going forward, analysts are optimistic about the company’s prospects as the energy infrastructure sector is expected to continue to experience growth. Investors should watch for updates on the company’s operational and financial performance in upcoming quarters.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
