SunPower Corporation expected to post a loss of 26 cents a share - Earnings Preview

Sunpower

16/07/2024 12:47

* SunPower Corporation  SPWR.OQ   SPWR.O  is expected
to show a
fall in quarterly revenue when it reports  results on July 18
(estimated) for the period ending March 31 2024
    * The Richmond California California-based  company is
expected to
report a 26.9% decrease in revenue to $323.35 million from
$442.54 million a year ago, according to the mean estimate from
21 analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for SunPower Corporation is
for a
loss of 26 cents per share. 
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," 17
"hold" and 11 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for SunPower
Corporation is $3.00​, above​ its last closing price of $2.50.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.24       -0.24      -0.51     Missed  -113.8
 Sep. 30 2023  0.00        0.00       -0.12     Missed  -6,682
                                                        .6
 Jun. 30 2023  -0.12       -0.04      -0.13     Missed  -196.3
                                                        ​
 Mar. 31 2023  -0.03       -0.01      -0.07     Missed  -487.2
 ​​Jan.        0.12        0.13       0.15      Beat    17.8
 1 0001                                                 
 Sep. 30 2022  0.07        0.08       0.13      Beat    58.3​
 Jun. 30 2022  0.05        0.04       0.03      Missed  -26.8
 Mar. 31 2022  0.02        0.03       0.02      Missed  -20
 This summary was machine generated July 16 at 11:47 GMT.  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)