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

Emeren

20/08/2024 22:01

* Emeren Group Ltd  SOL.N  reported quarterly adjusted
earnings of
1 cent​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 14
cents.  The mean expectation of four analysts for the quarter
was for earnings of 7 cents per share. Wall Street expected
results to range from 5 cents to 9 cents per share.
    * Revenue fell 11.2% to $30.06 million from a year ago;
analysts
expected $21.10 million. 
    * Emeren Group Ltd's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $392
thousand.
    * Emeren Group Ltd shares had risen by 7.3% this quarter and
lost 41.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.2%
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," 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 
This summary was machine generated from LSEG data August 20 at
09:01 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
 Jun. 30 2024      0.07           0.01           Missed
 Mar. 31 2024                     -0.08          
 Dec. 31 2023      0.00           -0.15          Missed
 Sep. 30 2023      0.07           -0.17          Missed