Opower (OPWR) Releases Quarterly Earnings, Beats Estimates By $0.04 EPS
Opower (NASDAQ:OPWR) released its earnings data on Tuesday. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.04, Analyst Ratings Net reports. The company had revenue of $31.20 million for the quarter, compared to the consensus estimate of $29.05 million.
A number of research firms have recently commented on OPWR. Analysts at Goldman Sachs cut their price target on shares of Opower from $30.00 to $24.00 in a research note on Thursday, May 22nd. Analysts at Canaccord Genuity cut their price target on shares of Opower from $25.00 to $23.00 in a research note on Thursday, May 15th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $23.80.
Shares of Opower (NASDAQ:OPWR) traded up 1.59% during mid-day trading on Tuesday, hitting $16.00. 115,109 shares of the company’s stock traded hands. Opower has a one year low of $15.03 and a one year high of $26.00. The stock has a 50-day moving average of $16.62 and a 200-day moving average of $17.86. The company’s market cap is $786.0 million.
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