Climate investment firm HA Sustainable Infrastructure Capital (NYSE:HASI) will be reporting earnings this Thursday after market hours. Here’s what investors should know.
HA Sustainable Infrastructure Capital beat analysts’ revenue expectations last quarter, reporting revenues of $142.7 million, up 31.3% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates.
Is HA Sustainable Infrastructure Capital a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting HA Sustainable Infrastructure Capital’s revenue to decline 5% year on year, a reversal from the 4.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. HA Sustainable Infrastructure Capital has a history of exceeding Wall Street’s expectations.
Looking at HA Sustainable Infrastructure Capital’s peers in the specialty finance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. PROG delivered year-on-year revenue growth of 22.3%, beating analysts’ expectations by 0.8%, and Farmer Mac reported revenues up 24.9%, topping estimates by 3.4%. PROG traded down 4.7% following the results while Farmer Mac was up 3.5%.
Read our full analysis of PROG’s results here and Farmer Mac’s results here.
There has been positive sentiment among investors in the specialty finance segment, with share prices up 6.5% on average over the last month. HA Sustainable Infrastructure Capital is up 1.7% during the same time and is heading into earnings with an average analyst price target of $49.27 (compared to the current share price of $38.92).
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