Emeren Group Q2 EPS $0.14 Beats $0.10 Estimate, Sales $33.80M Miss $39.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Emeren Group (NYSE:SOL) reported Q2 earnings of $0.14 per share, beating the analyst consensus estimate of $0.10 by 40%. However, the company's quarterly sales of $33.80 million missed the analyst consensus estimate of $39.10 million by 13.55%. This represents a 1500% increase in earnings and a 311.89% increase in sales compared to the same period last year.
August 31, 2023 | 8:05 pm
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NEUTRAL IMPACT
Emeren Group's Q2 earnings exceeded expectations, but sales did not meet estimates. Despite this, both earnings and sales have significantly increased compared to last year.
Emeren Group's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The significant YoY increases in both earnings and sales suggest overall growth, but the missed sales estimate may concern investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100