Emeren Group Ltd reports results for the quarter ended in December - Earnings Summary

• Emeren Group Ltd SOL reported a quarterly adjusted loss of 15 cents​​ per share for the quarter ended in December, lower than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of four analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -10 cents to 9 cents per share.

• Revenue rose 7.8% to $44.00 million from a year ago; analysts expected $44.98 million.

• Emeren Group Ltd's reported EPS for the quarter was a loss of 15 cents​.

• The company reported a quarterly loss of $8.09 million.

• Emeren Group Ltd shares had fallen by 25.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 103.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the construction & engineering peer group is also "buy"

Wall Street's median 12-month price target for Emeren Group Ltd is $6.00

This summary was machine generated from LSEG data March 28 at 09:49 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)