Here's What Key Metrics Tell Us About HA Sustainable Infrastructure Capital (HASI) Q3 Earnings

Core Insights - HA Sustainable Infrastructure Capital (HASI) reported a revenue of $21.33 million for the quarter ended September 2024, reflecting a 42% decrease compared to the same period last year [1] - The earnings per share (EPS) for the quarter was $0.52, down from $0.62 in the previous year [1] - The reported revenue slightly exceeded the Zacks Consensus Estimate of $21.3 million, resulting in a revenue surprise of +0.15% [1] - However, the company experienced an EPS surprise of -5.45%, with the consensus EPS estimate being $0.55 [1] Revenue Breakdown - Gain on sale of assets was reported at $7.68 million, significantly lower than the average estimate of $10.93 million, marking a year-over-year decline of -65.7% [3] - Other income amounted to $1.05 million, surpassing the three-analyst average estimate of $0.67 million [3] - Rental income was reported at $0.08 million, below the average estimate of $0.18 million, indicating a drastic year-over-year change of -98.6% [3] - Interest income reached $64.07 million, slightly below the estimated $64.61 million, but represented an 18% increase compared to the year-ago quarter [3] - Securitization asset income was reported at $9.08 million, exceeding the average estimate of $5.58 million [3] Stock Performance - Over the past month, shares of HA Sustainable Infrastructure Capital have declined by -6.8%, contrasting with the Zacks S&P 500 composite's increase of +3.2% [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]