Emeren Group Ltd expected to post breakeven results a share - Earnings Preview

Emeren

26/03/2024 21:01

* Emeren Group Ltd  SOL.N   SOL  is expected to show a rise
in
quarterly revenue when it reports  results on March 28 for the
period ending December 31 2023
    * The Stamford Connecticut-based  company is expected to
report a
10.2% increase in revenue to $44.983 million from $40.8 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on November 21 2023,
for the period ended December 31, was for revenue between $50.00
million and $53.00 million.
    * ​LSEG's mean analyst estimate for Emeren Group Ltd is for
breakeven results per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Emeren
Group Ltd
is $6.00​, above​ its last closing price of $1.88. ​​​

The company's guidance on November 21 2023 for the period ended
December 31 was for gross profit margin between USD21% and
USD25%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.06        0.07       -0.17     Missed  -361.5
 Jun. 30 2023  0.10        0.10       0.14      Beat    36.6
 Mar. 31 2023  0.03        0.04       0.00      Missed  -100​
 Dec. 31 2022  0.08        0.08       0.05      Missed  -40
 ​​Sep.        0.01        0.01       0.05      Beat    275.1
 30 2022                                                
 Jun. 30 2022  0.02        0.02       -0.01     Missed  -160​
 Mar. 31 2022  -0.06       -0.05      -0.02     Beat    63.6
 Dec. 31 2021  0.06        0.06       -0.03     Missed  -150
 This summary was machine generated March 26 at 21:01 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)