ReNew Energy Glb Q4 2024 GAAP EPS $0.02 Beats $(0.07) Estimate, Sales $217.000M Miss $234.651M Estimate
Portfolio Pulse from Benzinga Newsdesk
ReNew Energy Global (NASDAQ: RNW) reported Q4 2024 GAAP EPS of $0.02, beating the analyst estimate of $(0.07). However, sales of $217 million missed the $234.651 million estimate and were down 31.11% year-over-year.
June 05, 2024 | 8:29 pm
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NEUTRAL IMPACT
ReNew Energy Global reported better-than-expected EPS for Q4 2024 but missed on sales, which were also down significantly year-over-year.
The positive EPS surprise is offset by the significant miss in sales and the year-over-year decline, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100