Enlight Renewable Energy Q2 2024 GAAP EPS $0.06 Misses $0.07 Estimate, Sales $84.698M Beat $78.675M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enlight Renewable Energy (NASDAQ:ENLT) reported Q2 2024 earnings per share of $0.06, missing the analyst estimate of $0.07 by 14.29%. However, the company reported sales of $84.698 million, beating the estimate of $78.675 million by 7.66% and marking a 61.14% increase from the same period last year.
August 07, 2024 | 10:06 am
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Enlight Renewable Energy reported Q2 2024 EPS of $0.06, missing the $0.07 estimate, but sales of $84.698M beat the $78.675M estimate and increased 61.14% YoY.
The mixed results, with EPS missing but sales beating estimates and showing significant YoY growth, may lead to a neutral short-term impact on the stock price as investors weigh the positive sales growth against the EPS miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100