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

Emeren

21/05/2024 21:31

* Emeren Group Ltd  SOL.N   SOL  is expected to show a rise
in
quarterly revenue when it reports  results on May 23 for the
period ending March 31 2024
    * The Norwalk Connecticut-based  company is expected to
report a
41.7% increase in revenue to $18.241 million from $12.88 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​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 $1.97. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.09       0.00       -0.15     Missed  -5,900
 Sep. 30 2023  0.06        0.07       -0.17     Missed  -361.5
 Jun. 30 2023  0.10        0.10       0.14      Beat    36.6​
 Jan. 1 0001   0.03        0.04       0.00      Missed  -100
 ​​Dec.        0.08        0.08       0.05      Missed  -40
 31 2022                                                
 Sep. 30 2022  0.01        0.01       0.05      Beat    275.1​
 Jun. 30 2022  0.02        0.02       -0.01     Missed  -160
 Mar. 31 2022  -0.06       -0.05      -0.02     Beat    63.6
 This summary was machine generated May 21 at 20:31 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)