Plug Power (PLUG Quick QuotePLUG - Free Report) reported $143.35 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 44.9%. EPS of -$0.36 for the same period compares to -$0.35 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $180.23 million, representing a surprise of -20.46%. The company delivered an EPS surprise of -20.00%, with the consensus EPS estimate being -$0.30.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Plug Power performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net revenue- Sales of equipment, related infrastructure and other

  : $76.79 million compared to the $130.17 million average estimate based on eight analysts. The reported number represents a change of -64.5% year over year.

• Net revenue- Services performed on fuel cell systems and related infrastructure

  : $13.03 million versus $13.06 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +49.8% change.

• Net revenue- Power purchase agreements

  : $19.67 million versus $16.60 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +22% change.

• Net revenue- Fuel delivered to customers and related equipment

  : $29.89 million versus $20.62 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +67.2% change.

• Net revenue- Other

  : $3.97 million compared to the $1.30 million average estimate based on seven analysts. The reported number represents a change of +234.2% year over year.

• Gross profit- Sales of equipment, related infrastructure and other

  : -$53.12 million compared to the -$42.52 million average estimate based on seven analysts.

• Gross profit- Fuel delivered to customers and related equipment

  : -$28.43 million versus the seven-analyst average estimate of -$29.20 million.

• Gross profit- Power purchase agreements

  : -$34.64 million versus the seven-analyst average estimate of -$29.05 million.

• Gross profit- Services performed on fuel cell systems and related infrastructure

  : -$0.70 million compared to the -$0.25 million average estimate based on five analysts.

View all Key Company Metrics for Plug Power here>>>

Shares of Plug Power have returned -22.7% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.