Sunrun Inc reports results for the quarter ended June 30 - Earnings Summary

• Sunrun Inc RUN.OQ reported quarterly adjusted earnings of $1.07​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of nineteen analysts for the quarter was for a loss of 22 cents per share. Wall Street expected results to range from -48 cents to 11 cents per share.

• Revenue rose 8.7% to $569.34 million from a year ago; analysts expected $554.41 million.

• Sunrun Inc's reported EPS for the quarter was $1.07​.

• The company reported quarterly net income of $279.77 million.

• Sunrun Inc shares had risen by 15.2% this quarter and gained 1.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.2% 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 10 "strong buy" or "buy," 12 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the renewable energy equipment & services peer group is "buy."

• Wall Street's median 12-month price target for Sunrun Inc is $12.00, about 21.5% above its last closing price of $9.42

This summary was machine generated from LSEG data August 6 at 09:02 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)