Sunworks Inc reports results for the quarter ended in June - Earnings Summary

Sunworks

14/08/2023 16:02

* Sunworks Inc  SUNW.OQ  reported a quarterly adjusted loss
of 34
cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for a loss of 16
cents per share.
    * Revenue fell 4.8% to $34.64 million from a year ago;
analysts
expected $43.60 million. 
    * Sunworks Inc's reported EPS for the quarter was a loss
of 34
cents​.
    * The mean earnings estimate of analysts had risen by
about 23.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Sunworks Inc shares had risen by 2.7% this quarter and
lost 26.6% so far this year.
    * The company reported a quarterly loss of $12.68 million.
    * Wall Street's median 12-month price target for Sunworks
Inc is
$2.85 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 14 at 03:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.16          -0.34          Missed
 Mar. 31 2023      -0.26          -0.18          Beat
 Dec. 31 2022      -0.12          -0.20          Missed
 Sep. 30 2022      -0.14          -0.16          Missed