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During the last quarter published, the company recorded a positive earnings surprise of 100%. In addition, earnings exceeded Zacks' consensus estimate in three of the last four quarters, the average rate being 7.50%.
Let's see how things stand before this announcement.
Factors at play
In 2018, Omni awarded Sunworks 19 projects worth about $ 4 million. This is expected to generate solid revenues for the company in 2019. In addition, the company's growing residential business is expected to boost revenue.
However, as announced in its fourth quarter earnings release, Sunworks expects first quarter revenue to decline due to wet weather in California. In the same vein, the Zacks Consensus estimate of Sunworks' first quarter revenue is $ 13 million, which is a 3.4% decrease from the previous year. to the published figure the same quarter of the previous year.
At the same time, Sunworks operating expenses declined for the ninth time in a row in the fourth quarter of 2018. As the company continues its efforts to reduce operating expenses, we can expect the downward trend in operating expenses will continue in the coming months. quarterly results announced. In addition, management expects total interest expense to be relatively constant. These factors are expected to benefit cumulatively from Sunworks' net results in the first quarter.
In the same vein, the Zacks Consensus estimate for the first quarter loss is set at 3 cents. In the prior year quarter, the company recorded a loss of 7 cents per share. "Data-reactid =" 11 ">Sunworks, Inc.. SUNW is expected to release its first quarter 2019 results on May 14, after the market closes.
During the last quarter published, the company recorded a positive earnings surprise of 100%. In addition, earnings exceeded Zacks' consensus estimate in three of the last four quarters, the average rate being 7.50%.
Let's see how things stand before this announcement.
Factors at play
In 2018, Omni awarded Sunworks 19 projects worth about $ 4 million. This is expected to generate solid revenues for the company in 2019. In addition, the company's growing residential business is expected to boost revenue.
However, as announced in its fourth quarter earnings release, Sunworks expects first quarter revenue to decline due to wet weather in California. In the same vein, the Zacks Consensus estimate of Sunworks' first quarter revenue is $ 13 million, which is a 3.4% decrease from the previous year. to the published figure the same quarter of the previous year.
At the same time, Sunworks operating expenses declined for the ninth time in a row in the fourth quarter of 2018. As the company continues its efforts to reduce operating expenses, we can expect the downward trend in operating expenses will continue in the coming months. quarterly results announced. In addition, management expects total interest expense to be relatively constant. These factors are expected to benefit cumulatively from Sunworks' net results in the first quarter.
In the same vein, the Zacks Consensus estimate for the first quarter loss is set at 3 cents. During the quarter of last year, the company recorded a loss of 7 cents per share.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Sunworks, Inc. EPS price and surprise"data-reactid =" 12 ">Sunworks, Inc. EPS price and surprise
Sunworks, Inc. EPS price and surprise
Sunworks, Inc. price-eps-surprise | Sunworks, Inc. Quotation
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<p class = "canvas-canvas-text canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Our proven model does not show a likely beat for Sunworks in this season of results, because a title must have both elements – a positive profit ESP and a ranking Zacks rank 1 (strong buy), 2 (buy) or 3 (pending) – for that to happen. This is not the case here.
ESP benefits: Sunworks has a profit ESP of 0.00%. You can discover the best shares to buy or sell, before they are declared, with our earnings ESP filter.
Zacks Rank: The company posts Zacks' # 1 ranking, which, combined with an ESP of 0.00% of earnings, makes it difficult to predict earnings. You can see You will find here the complete list of today's Zacks # 1 stocks.
Note that we warn of stocks with a rank 4 or 5 ranking (Zacks in the sale) in the announcement of the results, especially when the company sees revisions of negative estimates.
Recent Solar
The First Solar Inc. FSLR recorded a loss of 64 cents per share in the first quarter of 2019, which is higher than the Zacks consensus estimate of a loss of 13 cents.
Enphase Energy ENPH reported adjusted earnings for the first quarter of 2019 of 8 cents per share, compared with an adjusted loss of one cent in the quarter of the previous year.
Sunrun Inc. RUN announced a loss of 12 cents per share in the first quarter of 2019, against a consensus of Zacks on a profit of 32 cents.
The greatest technological advance of the generation
Be among the first investors in the new type of device that, according to experts, could have as much impact on the company as on the discovery of electricity. Current technology will soon be obsolete and replaced by these new devices. This process is expected to create 22 million jobs and generate $ 12.3 trillion in business.
A stock selection may skyrocket as the deployment of this new technology accelerates. Early investors could see gains similar to those of Microsoft in the 1990s. The Zacks special report just released reveals 7 titles to watch. The report is only available for a limited time.
See 7 breaking stocks now & gt; & gt;"data-reactid =" 27 "> Our proven model shows no risk to Sunworks for this earnings season, as a stock must have both a positive earnings PSE and a rank of tier 1 Zacks (purchase strong), 2 (Buy) or 3 (Keep) – for this to happen, this is not the case here.
ESP benefits: Sunworks has a profit ESP of 0.00%. You can discover the best shares to buy or sell, before they are declared, with our earnings ESP filter.
Zacks Rank: The company posts Zacks' # 1 ranking, which, combined with an ESP of 0.00% of earnings, makes it difficult to predict earnings. You can see You will find here the complete list of today's Zacks # 1 stocks.
Note that we warn of stocks with a rank 4 or 5 ranking (Zacks in the sale) in the announcement of the results, especially when the company sees revisions of negative estimates.
Recent Solar
The First Solar Inc. FSLR recorded a loss of 64 cents per share in the first quarter of 2019, which is higher than the Zacks consensus estimate of a loss of 13 cents.
Enphase Energy ENPH reported adjusted earnings for the first quarter of 2019 of 8 cents per share, compared with an adjusted loss of one cent in the quarter of the previous year.
Sunrun Inc. RUN announced a loss of 12 cents per share in the first quarter of 2019, against a consensus of Zacks on a profit of 32 cents.
The greatest technological advance of the generation
Be among the first investors in the new type of device that, according to experts, could have as much impact on the company as on the discovery of electricity. Current technology will soon be obsolete and replaced by these new devices. This process is expected to create 22 million jobs and generate $ 12.3 trillion in business.
A stock selection may skyrocket as the deployment of this new technology accelerates. Early investors could see gains similar to those of Microsoft in the 1990s. The Zacks special report just released reveals 7 titles to watch. The report is only available for a limited time.
See 7 Breaking Stocks Now >>
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "
Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
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First Solar, Inc. (FSLR): Free Stock Analysis Report
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Enphase Energy, Inc. (ENPH): Free Stock Analysis Report
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Sunworks, Inc. (SUNW): Free Stock Analysis Report
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Sunrun Inc. (RUN): Free Stock Analysis Report
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To read this article on Zacks.com, click here.
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Zacks Investment Research"data-reactid =" 28 ">
Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
First Solar, Inc. (FSLR): Free Stock Analysis Report
Enphase Energy, Inc. (ENPH): Free Stock Analysis Report
Sunworks, Inc. (SUNW): Free Stock Analysis Report
Sunrun Inc. (RUN): Free Stock Analysis Report
To read this article on Zacks.com, click here.
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