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

Sunation Energy

19/08/2024 22:41

* Pineapple Energy Inc  PEGY.OQ  reported a quarterly
adjusted
loss of 93 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of -45 cents.  The lone analyst forecast for the quarter was
for a loss of $2.70 per share. 
    * Revenue fell 27.9% to $14.30 million from a year ago;
analysts
expected $20.90 million. 
    * Pineapple Energy Inc's reported EPS for the quarter was a
loss
of $1.11​.
    * The company reported a quarterly loss of $6.93 million.
    * Pineapple Energy Inc shares had fallen by 31.4% this
quarter and
lost 89.5% 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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "hold"

Wall Street's median 12-month price target for Pineapple Energy
Inc is $1.50 
This summary was machine generated from LSEG data August 19 at
09:41 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
 Jun. 30 2024      -2.70          -0.93          Beat
 Mar. 31 2024      -3.00          -2.40          Beat
 Dec. 31 2023      -1.20          -1.05          Beat
 Sep. 30 2023      -1.20          -3.60          Missed