Emeren Group (NYSE:SOL) reported its Q1 earnings results on Wednesday, May 31, 2023 at 04:01 PM.
Here's what investors need to know about the announcement.
Earnings
Emeren Group missed estimated earnings by 100.0%, reporting an EPS of $0.0 versus an estimate of $0.04.
Revenue was up $9.36 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03 which was followed by a 2.15% drop in the share price the next day.
Here's a look at Emeren Group's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.08 | 0.01 | 0.02 | -0.05 |
| EPS Actual | 0.05 | 0.05 | -0.01 | -0.02 |
| Revenue Estimate | 46.59M | 22.56M | 14.40M | 20.20M |
| Revenue Actual | 40.80M | 28.89M | 8.21M | 3.51M |
To track all earnings releases for Emeren Group visit their earnings calendar here.
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