Sunrun Q3 Adj EPS $0.40 Beats $(0.18) Estimate, Sales $563.18M Miss $578.54M Estimate
Portfolio Pulse from bharat@benzinga.com
Sunrun (NASDAQ:RUN) reported Q3 earnings of $0.40 per share, beating the analyst consensus estimate of $(0.18) by 322.22 percent. However, this is a 58.33 percent decrease from the same period last year. The company's quarterly sales were $563.18 million, missing the analyst consensus estimate of $578.54 million by 2.65 percent, and marking a 10.88 percent decrease from the same period last year.
November 01, 2023 | 8:21 pm
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Sunrun's Q3 earnings beat estimates but sales missed, and both earnings and sales decreased from the same period last year.
Sunrun's earnings beat estimates, which is positive. However, the company's sales missed estimates and both earnings and sales decreased from the same period last year, which are negative factors. These factors could lead to a decrease in the company's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100