Real Goods Solar (RGSE) Set to Announce Earnings on Wednesday
Real Goods Solar (NASDAQ:RGSE) will post its Q214 quarterly earnings results on Wednesday, August 13th. Analysts expect Real Goods Solar to post earnings of ($0.10) per share and revenue of $29.87 million for the quarter.
Real Goods Solar (NASDAQ:RGSE) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.32) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.13) by $0.19. The company had revenue of $22.10 million for the quarter, compared to the consensus estimate of $24.30 million. During the same quarter last year, the company posted ($0.14) earnings per share. Real Goods Solar’s revenue was up 31.5% compared to the same quarter last year. On average, analysts expect Real Goods Solar to post $-0.35 EPS for the current fiscal year and $-0.01 EPS for the next fiscal year.
Shares of Real Goods Solar (NASDAQ:RGSE) opened at 2.30 on Tuesday. Real Goods Solar has a 52 week low of $1.70 and a 52 week high of $5.65. The stock has a 50-day moving average of $2.4 and a 200-day moving average of $3.15. The company’s market cap is $103.4 million.
Several analysts have recently commented on the stock. Analysts at Cowen and Company downgraded shares of Real Goods Solar from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 9th. They now have a $2.60 price target on the stock, down previously from $3.50. Analysts at Canaccord Genuity initiated coverage on shares of Real Goods Solar in a research note on Wednesday, July 2nd. They set a “buy” rating and a $4.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $3.87.
Real Goods Solar, Inc is a solar energy company. The Company serves commercial, residential, and utility customers.
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