Emeren Group Ltd <SOL.N> expected to post earnings of 8 cents a share - Earnings Preview

• Emeren Group Ltd SOL.N, SOL is expected to show a fall in quarterly revenue when it reports results on March 13 for the period ending December 31 2024

• The Norwalk Connecticut-based company is expected to report a 8.8% decrease in revenue to $40.13 million from $44 million a year ago, according to the mean estimate from 2 analysts, based on LSEG data.The company's guidance on November 14 2024, for the period ended December 31, was for revenue between $40.00 million and $45.00 million.

• ​LSEG's mean analyst estimate for Emeren Group Ltd is for earnings of 8 cents per share.

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The mean earnings estimate of analysts was unchanged in the last three months. ​

• Wall Street's median 12-month price target for Emeren Group Ltd is $5.00​, above​ its last closing price of $1.44. ​​​

The company's guidance on November 14 2024 for the period ended December 31 was for gross profit margin between USD20% and USD25%.

This summary was machine generated March 11 at 20:35 GMT. 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)