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Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Q3 2020 Earnings Prep

in EARNINGS/INVESTING IDEAS by

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) is scheduled to report Q3 earnings results after markets close for trading on November 5, 2020.

The company is expected to report earnings of $0.31/share on revenue of $20.485 million. The consensus earnings per share (EPS) of $0.31/share is based on a poll of 7 analysts and represents a decline in eps of −19.5% over the same quarter last year, when the company reported earnings of $0.38/share.

The revenue forecast of $20.485 million based on a poll of 7 analysts implies a year-over-year (YoY) decline in revenue of −8.1%. Last year the company reported $22.281 million in revenue for the quarter.

Expected to report EPS contraction of −19.5% for Q3, 2020
Metric Expected Prior Year YoY Change
Revenue $20.49 $22.28 −8.1%
EPS $0.31 $0.38 −19.5%

Earnings Call Trends

Historically, management has exceeded analyst expectations 7 out of the last 8 tracked quarters, and missed expectations 1 quarter.

What are your expectations from Hannon Armstrong Sustainable Infrastructure Capital, Inc. for earnings this quarter? Let us know in the comments!

Analyst Expected vs. Reported EPS
Quarter Expected Reported Surprise Result
Q2, 2020 $0.31 $0.40 27.3% Beat
Q1, 2020 $0.37 $0.44 18.7% Beat
Q4, 2019 $0.37 $0.40 8.1% Beat
Q3, 2019 $0.35 $0.38 8.5% Beat
Q2, 2019 $0.34 $0.30 −11.7% Missed
Q1, 2019 $0.32 $0.33 2.4% Beat
Q4, 2018 $0.31 $0.37 20.5% Beat
Q3, 2018 $0.33 $0.36 9.6% Beat

In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 30, 2020, the stock price reacted by increasing 3.7%.

Stock Price Performance After Earnings
Report Date Price Day Prior Price Next Day Change % Result
August 6, 2020 $36.88 $38.26 3.7% Increase
May 7, 2020 $27.88 $29.79 6.9% Increase
February 20, 2020 $37.87 $39.21 3.5% Increase
October 30, 2019 $29.51 $29.86 1.2% Increase

Fundamentals And Technical Analysis

Hannon Armstrong Sustainable Infrastructure Capital, Inc. is currently trading at $43.14/share, down −0.6% for the day. The company is trading at approximately 93.6% of its 52-week high of $46.44/share. The company’s stock price is up 12.8% since the last earnings report and down −3.0% over the previous week. The company’s 14 Day Relative Price Index (RSI) of 47.44 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.


NYSE:HASI Stock Price Chart
Source: Finbox

The current share price implies a price-to-earnings (P/E) multiple of 35.42 and a forward P/E multiple of 28.96.

Hannon Armstrong Sustainable Infrastructure Capital, Inc.’s current share price also implies a price-to-book (P/B) multiple of 3.02. The following table summarizes some other key fundamental ratios:

Data as of October 28, 2020
Metric Value
Last Reported Fiscal Period Key FY2020.Q2
Period End Date June 30, 2020
Stock Price (Current) $43.14
P/E Ratio 35.4x
P/E Ratio (Fwd) 29.0x
PEG Ratio 0.7
Total Debt / Total Capital 34.7%
Levered Free Cash Flow $48.592 million
Price To Sales 35.8x

Finbox

Hannon Armstrong Sustainable Infrastructure Capital, Inc. is a mid-cap stock with a market capitalization of $3.215 billion. The company operates in the Financials sector and the Mortgage Real Estate Investment Trusts (REITs) industry.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company’s projects include energy efficiency projects that reduce a building’s or facility’s energy usage or cost through the use of solar generation, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems. It also focuses in the areas of grid connected projects that deploy cleaner energy sources, such as solar and wind to generate power; and other sustainable infrastructure projects, including upgraded transmission or distribution systems, water and storm water infrastructures, and seismic retrofits and other projects. The company qualifies as a real estate investment trust for U.S. federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Hannon Armstrong Sustainable Infrastructure Capital, Inc. was founded in 1981 and is headquartered in Annapolis, Maryland.

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