Emeren Group Ltd expected to post earnings of 10  cents a share - Earnings Preview

Emeren

29/08/2023 21:24

* Emeren Group Ltd  SOL.N   SOL  is expected to show a rise
in
quarterly revenue when it reports  results on August 31. 
    * The Stamford Connecticut-based  company is expected to
report  a
376.4% increase in revenue to $39.097 million from $8.21 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on May 31 2023,
for the period ended June 30, was for revenue between $38.00
million and $40.00 million.
    * ​Refinitiv's mean analyst estimate for Emeren Group Ltd is
for
earnings of 10 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"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 $9.75​, above​ its last closing price of $3.39. ​​​

The company's guidance on May 31 2023 for the period ended June
30 was for gross profit margin between USD32% and USD35%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.03        0.04       0.00      Missed  -100
 Dec. 31 2023  0.08        0.08       0.05      Missed  -40
 Sep. 30 2022  0.01        0.01       0.05      Beat    275.1​
 Jun. 30 2022  0.02        0.02       -0.01     Missed  -160
 ​​Mar.        -0.06       -0.05      -0.02     Beat    63.6
 31 2022                                                
 Dec. 31 2021  0.06        0.06       -0.03     Missed  -150​
 Sep. 30 2021  0.04        0.04       0.01      Missed  -76.9
 Jun. 30 2021  0.05        0.05       0.10      Beat    100
 This summary was machine generated August 29 at 20:24 GMT.  All
figures in US dollars  unless otherwise stated