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HASI (HASI)
NYSE:HASI
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.59Last Year’s EPS
$0.53Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -14.02%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
The earnings call was largely positive, with strong growth in new investments, pipeline diversification, and successful strategic partnerships. However, it was tempered by GAAP EPS losses and interest rate challenges.Company Guidance
During HASI's Q3 2024 earnings call, the executive team provided key guidance metrics, highlighting a year-to-date $1.7 billion in new investments, marking growth from $1.2 billion earlier in the year. Managed assets increased by 14% to over $13 billion, with new asset yields around 10.5%, raising the overall portfolio yield to 8.1%. The adjusted EPS for the quarter was $0.52, contributing to a year-to-date EPS of $1.83, an 8% increase from the previous year. The company reaffirmed its guidance for annual adjusted EPS growth of 8% to 10% through 2026, with a long-term target of 10% annual EPS growth and a 50% dividend payout ratio by 2030. They also noted their investment-grade status and liquidity of $1.3 billion, supporting their growth targets and refinancing plans for bonds maturing in 2026 and 2027.Strong New Investments and Asset Growth
Closed $1.2 billion in new investments year-to-date as of September 30, 2024, with an active start to Q4 bringing it to $1.7 billion. Managed assets have grown 14% in the last 12 months, exceeding $13 billion.
Robust Financial Metrics
New asset yields at approximately 10.5% year-to-date, increasing overall portfolio yield to 8.1%. Adjusted EPS of $0.52 in Q3, driving EPS growth to 8% over the first three quarters of 2023.
Pipeline Growth and Diversification
Pipeline remains over $5.5 billion with diversification across end markets. Anticipation of onboarding approximately 10 new clients this year.
Successful Partnerships and Transactions
CCH1 partnership with KKR progressing as expected with a $2 billion investment target by end of 2025. SunStrong joint venture transitioned successfully despite SunPower bankruptcy.
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HASI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HASI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $32.09 | $28.60 | -10.88% |
| Aug 01, 2024 | $31.73 | $30.76 | -3.06% |
| May 07, 2024 | $25.50 | $29.65 | +16.27% |
| Feb 15, 2024 | $24.47 | $25.16 | +2.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does HASI (HASI) report earnings?
HASI (HASI) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is HASI (HASI) earnings time?
HASI (HASI) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HASI EPS forecast?
HASI EPS forecast for the fiscal quarter 2024 (Q4) is $0.59.
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