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

Emeren

21/11/2023 22:51

* Emeren Group Ltd  SOL.N  reported a quarterly adjusted
loss
of 17 cents​​ per share for the quarter ended in September,
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 earnings of 7 cents per share. Wall Street
expected results to range from 5 cents to 9 cents per share.
    * Revenue fell 51.7% to $13.95 million from a year ago;
analysts
expected $28.29 million. 
    * Emeren Group Ltd's reported EPS for the quarter was a loss
of 17
cents​.
    * The company reported a quarterly loss of $9.39 million.
    * Emeren Group Ltd shares had fallen by 11.7% this
quarter and
lost 39.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 56.7%
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 4 "strong buy" or "buy," no
"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 $7.50 
This summary was machine generated from LSEG data November 21 at
10:50 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.08           0.05           Missed