Emeren Group Ltd SOL.N reported quarterly adjusted earnings of 56 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 1 cents. The mean expectation of two analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -2 cents to 1 cents per share.
Revenue fell 57.1% to $12.88 million from a year ago; analysts expected $18.57 million.
Emeren Group Ltd's reported EPS for the quarter was 3 cents.
The company reported quarterly net income of $1.45 million.
Emeren Group Ltd shares had held steady so far this quarter and lost 7.9% so far this year.
FORECAST CHANGES
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.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 $4.50, about 58.4% above its last closing price of $1.87
This summary was machine generated from LSEG data August 20 at 12:45 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)