Emeren Group Ltd reports results for the quarter ended in December - Earnings Summary

Emeren

28/03/2024 21:49

* Emeren Group Ltd  SOL.N  reported a quarterly adjusted
loss
of 15 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 5 cents.  The mean expectation of four analysts for the
quarter was for breakeven results per share. Wall Street
expected results to range from -10 cents to 9 cents per share.
    * Revenue rose 7.8% to $44.00 million from a year ago;
analysts
expected $44.98 million. 
    * Emeren Group Ltd's reported EPS for the quarter was a loss
of 15
cents​.
    * The company reported a quarterly loss of $8.09 million.
    * Emeren Group Ltd shares had fallen by 25.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 103.1% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 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 $6.00 
This summary was machine generated from LSEG data March 28 at
09:49 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.00           -0.15          Missed
 Sep. 30 2023      0.07           -0.17          Missed
 Jun. 30 2023      0.10           0.14           Beat
 Mar. 31 2023      0.04           0.00           Missed