Emeren Group Ltd expected to post earnings of 7 cents a share - Earnings Preview

Emeren

16/08/2024 22:05

* Emeren Group Ltd  SOL.N   SOL  is expected to show a fall
in
quarterly revenue when it reports  results on August 20 for the
period ending June 30 2024
    * The Norwalk Connecticut-based  company is expected to
report a
37.7% decrease in revenue to $21.096 million from $33.85 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on May 23 2024, for
the period ended June 30, was for revenue between $20.00 million
and $23.00 million.
    * ​LSEG's mean analyst estimate for Emeren Group Ltd is for
earnings of 7 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell."  
    * The average consensus recommendation for the construction
&
engineering peer group is also "Buy".​
    * Wall Street's median 12-month price target for Emeren
Group Ltd
is $4.50​, above​ its last closing price of $1.52. ​​​

The company's guidance on May 23 2024 for the period ended June
30 was for gross profit margin between USD40% and USD45%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.08       -0.03      -0.08     Missed  -166.7
 Jan. 1 2024   -0.09       0.00       -0.15     Missed  -5,900
 Jan. 1 0001   0.06        0.07       -0.17     Missed  -361.5
                                                        ​
 Jun. 30 2023  0.10        0.10       0.14      Beat    36.6
 ​​Mar.        0.03        0.04       0.00      Missed  -100
 31 2023                                                
 Dec. 31 2022  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
 This summary was machine generated August 16 at 21:05 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)