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

Sunnova Energy International

31/07/2024 22:01

* Sunnova Energy International Inc  NOVA.N  reported a
quarterly
adjusted loss of 8 cents​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -74 cents.  The mean expectation of twenty
four analysts for the quarter was for a loss of 63 cents per
share. Wall Street expected results to range from $-1.17 to -24
cents per share.
    * Revenue rose 32% to $219.60 million from a year ago;
analysts
expected $217.97 million. 
    * Sunnova Energy International Inc's reported EPS for the
quarter
was a loss of 27 cents​.
    * The company reported a quarterly loss of $33.05 million.
    * Sunnova Energy International Inc shares had risen by 26.9%
this
quarter and lost 53.6% 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, eight analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 18 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the renewable
energy
equipment & services peer group is also "buy"

Wall Street's median 12-month price target for Sunnova Energy
International Inc is $10.00 
This summary was machine generated from LSEG data July 31 at
09:00 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      -0.63          -0.08          Beat
 Mar. 31 2024      -0.74          -0.57          Beat
 Dec. 31 2023      -0.18          -1.43          Missed
 Sep. 30 2023      -0.23          -0.53          Missed