Emeren Group Q1 2024 GAAP EPS $(0.08), Sales $14.800M Miss $18.241M Estimate
Portfolio Pulse from Benzinga Newsdesk
Emeren Group (NYSE:SOL) reported a Q1 2024 GAAP EPS loss of $(0.08) and sales of $14.8 million, missing the analyst consensus estimate of $18.241 million by 18.86%. Despite the miss, sales increased by 14.94% compared to the same period last year.
May 23, 2024 | 8:09 pm
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Emeren Group (NYSE:SOL) reported a Q1 2024 GAAP EPS loss of $(0.08) and sales of $14.8 million, missing the analyst consensus estimate by 18.86%. Despite the miss, sales increased by 14.94% YoY.
The significant miss on both EPS and sales estimates is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100