ReNew Energy Glb Q3 Sales $192.00M Beat $175.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
ReNew Energy Global (RNW) reported Q3 sales of $192.00 million, surpassing the analyst consensus estimate of $175.58 million by 9.35%. However, this represents a 1.03% decrease from the $194.00 million sales reported in the same period last year.
February 20, 2024 | 11:38 am
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POSITIVE IMPACT
ReNew Energy Global (RNW) exceeded Q3 sales estimates but saw a slight decrease from last year's figures.
Beating sales estimates typically has a positive impact on investor sentiment and stock price in the short term. However, the slight year-over-year decrease might temper some of the positive momentum. Overall, the beat on estimates is likely to be the dominant factor affecting RNW's stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100