Earnings Preview: ReNew Energy Glb
Portfolio Pulse from Benzinga Insights
ReNew Energy Glb (NASDAQ:RNW) is scheduled to release its quarterly earnings report on February 20, 2024. Analysts predict an EPS of $-0.15. The company's past earnings performance shows mixed results with both beats and misses compared to estimates, leading to varied stock price reactions. Shares of RNW have increased by 19.04% over the last 52 weeks, indicating a generally positive sentiment among long-term shareholders ahead of this earnings release.
February 19, 2024 | 5:01 pm
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NEUTRAL IMPACT
ReNew Energy Glb is anticipated to report an EPS of $-0.15 for the latest quarter. Historical data shows fluctuating stock price reactions to earnings outcomes. With a 19.04% increase in share price over the last year, investor sentiment is generally positive.
Given RNW's mixed historical earnings performance and the current positive trend in its stock price, the short-term impact of the upcoming earnings report is uncertain. While a beat on the EPS estimate could further boost investor confidence, adherence to or a miss of the estimate might not significantly deter the positive sentiment unless accompanied by negative guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100