Enlight Renewable Energy Q1 GAAP EPS $0.14 Beats $0.11 Estimate, Sales $90.40M Beat $79.40M Estimate
Portfolio Pulse from mahesh@benzinga.com
Enlight Renewable Energy (NASDAQ:ENLT) reported Q1 GAAP EPS of $0.14, surpassing the $0.11 estimate, and sales of $90.40M, exceeding the $79.40M estimate. This represents a 30% decrease in EPS and a 27.33% increase in sales year-over-year.
May 08, 2024 | 10:14 am
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Enlight Renewable Energy exceeded Q1 earnings and sales estimates, with a notable year-over-year sales increase and a decrease in EPS.
Beating both earnings and sales estimates typically leads to positive investor sentiment, potentially driving the stock price up in the short term. However, the year-over-year decrease in EPS might temper some of the positive impact.
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