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

Sunation Energy

11/05/2023 23:33

* Pineapple Energy Inc  PEGY.OQ  reported a quarterly
adjusted
loss of 26 cents​​ per share for the quarter ended in March. The
mean expectation of two analysts for the quarter was for a loss
of 10 cents per share.
    * Revenue rose 7,255% to $22.07 million from a year ago;
analysts
expected $16.00 million. 
    * Pineapple Energy Inc's reported EPS for the quarter was a
loss
of 26 cents​.
    * The mean earnings estimate of analysts had fallen by
about 50%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Pineapple Energy Inc shares had risen by 3.5% this
quarter and
lost 29.4% so far this year.
    * The company reported a quarterly loss of $2.55 million.
    * Wall Street's median 12-month price target for Pineapple
Energy
Inc is $5.60 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
11 at 10:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.10          -0.26          Missed
 Dec. 31 2022      -0.10          -0.41          Missed
                                  -0.34          
                                  -0.33