Sunrun Q1 2024 GAAP EPS $(0.40) Beats $(0.44) Estimate, Sales $458.188M Miss $468.624M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sunrun (NASDAQ:RUN) reported Q1 2024 earnings with a GAAP EPS of $(0.40), surpassing the $(0.44) estimate, marking a 64.29% improvement from last year. However, their sales of $458.188M fell short of the $468.624M estimate, a 22.32% decrease from the previous year.
May 08, 2024 | 8:06 pm
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Sunrun reported a smaller-than-expected Q1 2024 loss per share but missed sales estimates, with a significant year-over-year decrease in revenue.
While the better-than-expected EPS could be seen as a positive sign of operational efficiency and cost management, the miss on sales estimates and the significant decrease in revenue year-over-year could raise concerns about the company's growth trajectory and market demand. The mixed results may lead to neutral short-term stock price movement as investors weigh the positives against the negatives.
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