Pineapple Energy Inc reports results for the quarter ended in December - Earnings Summary

Sunation Energy

28/03/2024 21:18

* Pineapple Energy Inc  PEGY.OQ  reported a quarterly
adjusted
loss of 7 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -41 cents.  The lone analyst forecast for the
quarter was for a loss of 8 cents per share. 
    * Revenue rose 13.1% to $19.44 million from a year ago;
analysts
expected $20.40 million. 
    * Pineapple Energy Inc's reported EPS for the quarter was a
loss
of 16 cents​.
    * The company reported a quarterly loss of $1.66 million.
    * Pineapple Energy Inc shares had fallen by 89.5% this
quarter.

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 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "buy"

Wall Street's median 12-month price target for Pineapple Energy
Inc is $2.50 
This summary was machine generated from LSEG data March 28 at
09:18 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      -0.08          -0.07          Beat
 Sep. 30 2023      -0.08          -0.24          Missed
 Jun. 30 2023      -0.05          -0.03          Beat
 Mar. 31 2023      -0.10          -0.26          Missed