Sunrun Q4 2023 Adj EPS $(1.33) Misses $(0.29) Estimate, Sales $516.59M Miss $530.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sunrun (NASDAQ:RUN) reported Q4 2023 adjusted EPS of $(1.33), missing the $(0.29) estimate, with sales of $516.59M also missing the $530.37M estimate. This represents a 15.20% decrease in sales compared to the same period last year.
February 21, 2024 | 9:14 pm
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NEGATIVE IMPACT
Sunrun reported a significant miss in both adjusted EPS and sales for Q4 2023, with a notable year-over-year decrease in sales.
The significant miss in both EPS and sales for Sunrun in Q4 2023, compared to analyst estimates, is likely to negatively impact investor sentiment and the stock price in the short term. The substantial miss in EPS, in particular, by 358.62 percent, and the year-over-year decrease in sales by 15.20 percent, highlight operational challenges that could concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100