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

Sunnova Energy International

02/05/2024 05:35

* Sunnova Energy International Inc  NOVA.N  reported a
quarterly
adjusted loss of 57 cents​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of -70 cents.  The mean expectation of twenty
five analysts for the quarter was for a loss of 73 cents per
share. Wall Street expected results to range from $-1.32 to 9
cents per share.
    * Revenue fell 0.5% to $160.90 million from a year ago;
analysts
expected $194.88 million. 
    * Sunnova Energy International Inc's reported EPS for the
quarter
was a loss of 57 cents​.
    * The company reported a quarterly loss of $69.96 million.
    * Sunnova Energy International Inc shares had fallen
by 31.3% this
quarter and lost 72.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 37.3%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 19 "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 $14.00 
This summary was machine generated from LSEG data May 2 at 04:35
a.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
 Mar. 31 2024      -0.73          -0.57          Beat
 Dec. 31 2023      -0.18          -1.43          Missed
 Sep. 30 2023      -0.23          -0.53          Missed
 Jun. 30 2023      -0.42          -0.74          Missed