ReneSola (NYSE:SOL) is set to give its latest quarterly earnings report on Wednesday, 2022-03-23. Here's what investors need to know before the announcement.
Analysts estimate that ReneSola will report an earnings per share (EPS) of $0.06.
ReneSola bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company missed EPS by $0.02, which was followed by a 0.17% increase in the share price the next day.
Here's a look at ReneSola's past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.04 | 0.05 | -0.02 | -0.01 |
| EPS Actual | 0.02 | 0.11 | 0.05 | 0 |
| Price Change % | 0.17% | -1.13% | 16.43% | -3.32% |
Stock Performance
Shares of ReneSola were trading at $6.84 as of March 21. Over the last 52-week period, shares are down 35.15%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
If you want to track all upcoming earnings announcements, check out our Earnings Calendar here
This article was generated by Benzinga's automated content engine and reviewed by an editor.
