ReNew Energy Glb Q3 EPS $(0.10) Beats $(0.15) Estimate, Sales $232.00M Beat $175.58M Estimate
Portfolio Pulse from Happy Mohamed
ReNew Energy Global (RNW) reported Q3 earnings with losses per share of $(0.10), surpassing the $(0.15) estimate, and sales of $232.00M, exceeding the $175.58M estimate. This represents a 33.33% improvement in EPS and a 19.59% increase in sales compared to the same period last year.
February 20, 2024 | 1:11 pm
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ReNew Energy Global reported better-than-expected Q3 earnings, with a smaller loss per share and higher sales than analysts anticipated.
Beating earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant outperformance in both EPS and sales compared to analyst expectations and year-over-year improvements suggests a strong operational performance, likely to be viewed positively by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100