Sunworks: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Sunworks reported Q1 earnings with an EPS of $-0.18, beating estimates by 30.77%. Revenue was up $6.70 million from the same period last year.
May 23, 2023 | 4:09 pm
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Sunworks' Q1 earnings beat estimates with an EPS of $-0.18 and revenue up $6.70 million YoY.
Sunworks reported better-than-expected Q1 earnings, with an EPS of $-0.18, beating estimates by 30.77%. This positive earnings surprise is likely to have a short-term positive impact on the stock price, as investors may view the company's performance as a sign of improvement. Additionally, the revenue increase of $6.70 million from the same period last year indicates growth, which could further boost investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100