SunPower Corporation (SPWR) to Release Quarterly Earnings on Thursday
SunPower Corporation (NASDAQ:SPWR) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of ($0.31) per share for the quarter.
SunPower Corporation (NASDAQ:SPWR) last issued its earnings results on Tuesday, August 1st. The semiconductor company reported ($0.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.24. The company had revenue of $341.50 million during the quarter, compared to analyst estimates of $312.58 million. SunPower Corporation had a negative net margin of 21.84% and a negative return on equity of 12.56%. The company’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.22) EPS. On average, analysts expect SunPower Corporation to post $-1.08 EPS for the current fiscal year and $0.04 EPS for the next fiscal year.
Shares of SunPower Corporation (SPWR) opened at 6.74 on Thursday. The firm’s market cap is $940.17 million. SunPower Corporation has a 52 week low of $5.84 and a 52 week high of $11.70. The firm’s 50 day moving average is $7.50 and its 200-day moving average is $8.26.
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Several research analysts have recently weighed in on SPWR shares. ValuEngine upgraded shares of SunPower Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Vetr cut shares of SunPower Corporation from a “strong-buy” rating to a “buy” rating and set a $11.45 price target for the company. in a report on Monday, July 17th. Cowen and Company set a $12.00 price target on shares of SunPower Corporation and gave the company a “buy” rating in a report on Monday, July 10th. Macquarie cut shares of SunPower Corporation from an “outperform” rating to a “neutral” rating in a report on Friday, September 8th. Finally, Zacks Investment Research cut shares of SunPower Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. SunPower Corporation currently has an average rating of “Hold” and an average price target of $9.27.
SunPower Corporation Company Profile
SunPower Corporation is a global energy company. The Company delivers complete solar solutions to residential, commercial, and power plant customers. The Company’s segments include Residential Segment, Commercial Segment and Power Plant Segment. The Residential and Commercial Segments combined are referred to as Distributed Generation.
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