Emeren Group Q4 2023 GAAP EPS $(0.15) Misses undefined Estimate, Sales $44.000M Miss $44.983M Estimate
Portfolio Pulse from Benzinga Newsdesk
Emeren Group (NYSE:SOL) reported Q4 2023 GAAP EPS of $(0.15), missing the undefined analyst consensus estimate, with sales of $44M also missing the $44.983M estimate. This represents a 71.43% increase over the same period last year.
March 28, 2024 | 8:36 pm
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NEGATIVE IMPACT
Emeren Group reported a Q4 2023 GAAP EPS of $(0.15), missing estimates, and sales of $44M, slightly below the $44.983M estimate but marking a 71.43% increase from the previous year.
The negative EPS and the miss on both EPS and sales estimates are likely to negatively impact investor sentiment in the short term. However, the significant year-over-year sales growth could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100