Sunnova Energy International Inc reports results for the quarter ended in September 30 - Earnings Summary

Sunnova Energy International

31/10/2024 02:35

* Sunnova Energy International Inc  NOVA.N  reported a
quarterly
adjusted loss of 98 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of -53 cents.  The mean expectation of
twenty three analysts for the quarter was for a loss of 55 cents
per share. Wall Street expected results to range from $-1.09
to 14 cents per share.
    * Revenue rose 18.6% to $235.29 million from a year ago;
analysts
expected $239.41 million. 
    * Sunnova Energy International Inc's reported EPS for the
quarter
was a loss of 98 cents​.
    * The company reported a quarterly loss of $122.59 million.
    * Sunnova Energy International Inc shares had fallen
by 46.3% this
quarter and lost 65.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 32.8%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "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 $12.00 
This summary was machine generated from LSEG data October 31 at
02:35 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
 Sep. 30 2024      -0.55          -0.98          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