SunPower Corp reports results for the quarter ended in December - Earnings Summary

SunPower

15/02/2024 14:24

* SunPower Corp  SPWR.OQ  reported a quarterly adjusted loss
of 51
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 15
cents.  The mean expectation of twenty five analysts for the
quarter was for a loss of 24 cents per share. Wall Street
expected results to range from -35 cents to -2 cents per share.
    * Revenue fell 26.6% to $361.25 million from a year ago;
analysts
expected $362.85 million. 
    * SunPower Corp's reported EPS for the quarter was a loss
of 71
cents​.
    * The company reported a quarterly loss of $123.9 million.
    * SunPower Corp shares had fallen by 11.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 18
"hold" and 10 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for SunPower
Corp is
$4.00 

This summary was machine generated from LSEG data February 15 at
02:23 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
 Dec. 31 2023      -0.24          -0.51          Missed
 Sep. 30 2023      0.00           -0.12          Missed
 Jun. 30 2023      -0.04          -0.13          Missed
 Mar. 31 2023      -0.01          -0.07          Missed