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

Emeren

31/08/2023 22:02

* Emeren Group Ltd  SOL.N  reported quarterly adjusted
earnings of
14 cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
10 cents per share.
    * Revenue rose 312.5% to $33.85 million from a year ago;
analysts
expected $39.10 million. 
    * Emeren Group Ltd's reported EPS for the quarter was 14
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Emeren Group Ltd shares had fallen by 10.0% this
quarter and
lost 24.6% so far this year.
    * The company reported quarterly net income of $8.35
million.
    * Wall Street's median 12-month price target for Emeren
Group Ltd
is $9.75 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 31 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.10           0.14           Beat
 Mar. 31 2023      0.04           0.00           Missed
 Dec. 31 2022      0.08           0.05           Missed
 Sep. 30 2022      0.01           0.05           Beat