Sunnova Energy Intl Q3 2024 GAAP EPS $(0.98) Misses $(0.57) Estimate, Sales $235.29M Miss $240.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sunnova Energy Intl reported a Q3 2024 GAAP EPS of $(0.98), missing the $(0.57) estimate, and sales of $235.29M, missing the $240.22M estimate. The EPS represents a significant decrease from the previous year, while sales increased by 18.60% year-over-year.
October 30, 2024 | 8:18 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Sunnova Energy Intl's Q3 2024 earnings report showed a significant EPS miss and a slight sales miss compared to analyst estimates. The EPS decreased substantially year-over-year, while sales showed a notable increase.
The significant miss on EPS and slight miss on sales compared to analyst estimates are likely to negatively impact NOVA's stock price in the short term. The large year-over-year decrease in EPS further adds to the negative sentiment, despite the increase in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100