Recap: Sunrun Q4 Earnings
Portfolio Pulse from Benzinga Insights
Sunrun (NASDAQ:RUN) reported Q4 earnings with an EPS of $-1.33, missing estimates by 375.0% against an expected $-0.28. Revenue decreased by $92.56 million from the same period last year. Despite beating EPS estimates in the previous quarter leading to a 10.12% share price increase, this quarter's performance marks a significant downturn.
February 21, 2024 | 9:15 pm
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Sunrun reported a significant miss in Q4 earnings with an EPS of $-1.33, far below the estimated $-0.28, and a decrease in revenue by $92.56 million year-over-year.
The substantial miss in both EPS and revenue expectations for Sunrun in Q4 indicates a negative short-term impact on the stock price. Historically, earnings misses have led to declines in stock prices, and the magnitude of this miss, coupled with a significant year-over-year revenue decrease, suggests a likely negative investor reaction. The previous quarter's performance, where a beat in EPS estimates led to a 10.12% increase in share price, contrasts sharply with this quarter's results, further emphasizing the potential for a negative market response.
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