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

Sunworks

23/05/2023 12:40

* Sunworks Inc  SUNW.OQ  reported a quarterly adjusted loss
of 18
cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for a loss
of 26 cents per share.
    * Revenue rose 21.5% to $37.90 million from a year ago;
analysts
expected $34.07 million. 
    * Sunworks Inc's reported EPS for the quarter was a loss
of 18
cents​.
    * The mean earnings estimate of analysts had fallen by
about 100%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Sunworks Inc shares had fallen by 11.8% this quarter and
lost 19.6% so far this year.
    * The company reported a quarterly loss of $6.39 million.
    * Wall Street's median 12-month price target for Sunworks
Inc is
$4.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
23 at 11:40 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.21          -0.23          Missed