Azure Energy (AZRE) got here out with a quarterly lack of $0.25 per share versus the Zacks Consensu
Azure Energy (AZRE) got here out with a quarterly lack of $0.25 per share versus the Zacks Consensus Estimate of $0.04. This compares to lack of $0.03 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -725%. 1 / 4 in the past, it was anticipated that this solar energy producer would submit earnings of $0.06 per share when it truly produced earnings of $0.03, delivering a shock of -50%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Azure Energy, which belongs to the Zacks Photo voltaic business, posted revenues of $40.30 million for the quarter ended September 2019, lacking the Zacks Consensus Estimate by 7.58%. This compares to year-ago revenues of $30.68 million. The corporate has topped consensus income estimates two occasions over the past 4 quarters.
The sustainability of the inventory’s fast worth motion based mostly on the recently-released numbers and future earnings…