Emeren Group Ltd reports results for the quarter ended September 30 - Earnings Summary

Emeren

15/11/2024 14:01

* Emeren Group Ltd  SOL.N  reported quarterly adjusted
earnings of
9 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -17 cents.  The mean expectation of three analysts for the
quarter was for earnings of 9 cents per share. Wall Street
expected results to range from 7 cents to 10 cents per share.
    * Revenue fell 7.8% to $12.86 million from a year ago;
analysts
expected $26.24 million. 
    * Emeren Group Ltd's reported EPS for the quarter was 9
cents​.
    * The company reported quarterly net income of $4.84
million.
    * Emeren Group Ltd shares had fallen by 25.9% this
quarter and
lost 26.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 34.6%
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 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 November 15 at
02:01 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
 Sep. 30 2024      0.09           0.09           Met
 Jun. 30 2024      0.07           0.01           Missed
 Mar. 31 2024      -0.03          -0.08          Missed
 Dec. 31 2023      0.00           -0.15          Missed