CORRECTION: Emeren Group Q2 EPADS $0.01 Misses $0.07 Estimate, Sales $30.06M Inline
Portfolio Pulse from Benzinga Newsdesk
Emeren Group reported Q2 earnings per share of $0.01, missing the analyst estimate of $0.07. However, sales were in line with expectations at $30.06 million, marking a significant 133.43% increase from the previous year.
August 20, 2024 | 1:02 pm
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Emeren Group's Q2 earnings per share of $0.01 fell short of the $0.07 estimate, but sales were in line at $30.06 million, showing a 133.43% increase from last year.
The significant miss on EPS is likely to negatively impact the stock price in the short term, despite the strong sales growth. Investors often react more to earnings misses than sales figures.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100