Sunrun Q2 2024 GAAP EPS $0.55 Beats $(0.31) Estimate, Sales $523.866M Beat $515.167M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sunrun (NASDAQ:RUN) reported Q2 2024 GAAP EPS of $0.55, significantly beating the analyst consensus estimate of $(0.31). The company also reported quarterly sales of $523.866 million, surpassing the estimate of $515.167 million. However, this represents an 11.24% decrease from the same period last year.
August 06, 2024 | 8:38 pm
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Sunrun's Q2 2024 earnings per share of $0.55 significantly beat the analyst estimate of $(0.31), and sales of $523.866 million also exceeded expectations. Despite the positive earnings surprise, sales decreased by 11.24% compared to the same period last year.
The significant earnings beat and sales surpassing expectations are likely to positively impact Sunrun's stock price in the short term. However, the year-over-year sales decrease may temper some of the enthusiasm.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100