Emeren Group Ltd expected to post earnings of 9 cents a share - Earnings Preview

Emeren

12/11/2024 23:59

* Emeren Group Ltd  SOL.N   SOL  is expected to show a rise
in
quarterly revenue when it reports  results on November 14 for
the period ending September 30 2024
    * The Norwalk Connecticut-based  company is expected to
report a
88.1% increase in revenue to $26.238 million from $13.95 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on August 20 2024, for
the period ended September 30, was for revenue between $25.00
million and $28.00 million.
    * ​LSEG's mean analyst estimate for Emeren Group Ltd is for
earnings of 9 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 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 $2.02. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024              0.07       0.01      Missed  -85.7
 Mar. 31 2024  -0.08       -0.03      -0.08     Missed  -166.7
 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.        0.10        0.10       0.14      Beat    36.6
 30 2023                                                
 Jan. 1 0001   0.03        0.04       0.00      Missed  -100​
 Dec. 31 2022  0.08        0.08       0.05      Missed  -40
 Sep. 30 2022  0.01        0.01       0.05      Beat    275.1
 This summary was machine generated November 12 at 23:58 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)