Sunrun Inc reports results for the quarter ended March 31 - Earnings Summary

• Sunrun Inc RUN.OQ reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -40 cents. The mean expectation of twenty analysts for the quarter was for a loss of 35 cents per share. Wall Street expected results to range from $-1.27 to 12 cents per share.

• Revenue rose 10.1% to $504.27 million from a year ago; analysts expected $484.06 million.

• Sunrun Inc's reported EPS for the quarter was 20 cents​.

• The company reported quarterly net income of $50.01 million.

• Sunrun Inc shares had risen by 20.5% this quarter and lost 23.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.8% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 12 "strong buy" or "buy," 13 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the renewable energy equipment & services peer group is also "hold"

• Wall Street's median 12-month price target for Sunrun Inc is $12.00

This summary was machine generated from LSEG data May 7 at 09:53 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)