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

Reuters
2024-11-08
Sunrun Inc reports results for the quarter ended in September 30 - Earnings Summary
  • Sunrun Inc RUN.OQ reported a quarterly adjusted loss of 37 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-4.92. The mean expectation of twenty four analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -76 cents to $1.08 per share.

  • Revenue fell 4.6% to $537.17 million from a year ago; analysts expected $564.20 million.

  • Sunrun Inc's reported EPS for the quarter was a loss of 37 cents​.

  • The company reported a quarterly loss of $83.77 million.

  • Sunrun Inc shares had fallen by 34.1% this quarter and lost 39.4% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had risen by about 15.6% in the last three months.​

  • In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell."

  • The average consensus recommendation for the renewable energy equipment & services peer group is also "buy"

Wall Street's median 12-month price target for Sunrun Inc is $20.00

This summary was machine generated from LSEG data November 8 at 05:16 a.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)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Sep. 30 2024

-0.14

-0.37

Missed

Jun. 30 2024

-0.33

0.55

Beat

Mar. 31 2024

-0.46

-0.40

Beat

Dec. 31 2023

-0.29

-1.60

Missed

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