Emeren Group Ltd reports results for the quarter ended December 31 - Earnings Summary

• Emeren Group Ltd SOL.N reported a quarterly adjusted loss of 23 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -15 cents. The mean expectation of two analysts for the quarter was for earnings of 8 cents per share.

• Revenue fell 21.5% to $34.55 million from a year ago; analysts expected $40.13 million.

• Emeren Group Ltd's reported EPS for the quarter was a loss of 23 cents​.

• The company reported a quarterly loss of $11.79 million.

• Emeren Group Ltd shares had fallen by 31.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.3% 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 2 "strong buy" or "buy," no "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 $5.00

This summary was machine generated from LSEG data March 13 at 09:01 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)