Maxeon Solar Technologies Ltd reports results for the quarter ended in March - Earnings Summary
30/05/2024 13:50
* Maxeon Solar Technologies Ltd MAXN.OQ reported a
quarterly
adjusted loss of $1.59 per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of 46 cents. The mean expectation of six analysts
for the quarter was for a loss of 99 cents per share. Wall
Street expected results to range from $-1.24 to -71 cents per
share.
* Revenue fell 41.1% to $187.46 million from a year ago;
analysts
expected $193.90 million.
* Maxeon Solar Technologies Ltd's reported EPS for the
quarter was
a loss of $1.59.
* The company reported a quarterly loss of $80.15 million.
* Maxeon Solar Technologies Ltd shares had fallen by 6.6%
this
quarter and lost 56.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the renewable
energy
equipment & services peer group is also "hold"
Wall Street's median 12-month price target for Maxeon Solar
Technologies Ltd is $5.00
This summary was machine generated from LSEG data May 30 at
12:50 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
Mar. 31 2024 -0.99 -1.59 Missed
Dec. 31 2023 -1.67
Sep. 30 2023 -0.93 -2.21 Missed
Jun. 30 2023 -0.10 -0.03 Beat