Azure Power Global (AZRE) to Release Quarterly Earnings on Thursday

Azure Power Global (NYSE:AZRE) is set to issue its quarterly earnings data after the market closes on Thursday, February 8th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter.

Azure Power Global (NYSE:AZRE) last issued its quarterly earnings results on Thursday, November 9th. The energy company reported ($0.64) EPS for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.31. Azure Power Global had a negative return on equity of 12.48% and a negative net margin of 29.67%. On average, analysts expect Azure Power Global to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Azure Power Global (NYSE AZRE) traded down $0.38 during midday trading on Monday, hitting $16.62. The stock had a trading volume of 2,762 shares, compared to its average volume of 9,507. Azure Power Global has a 1 year low of $12.53 and a 1 year high of $22.00. The company has a debt-to-equity ratio of 3.77, a current ratio of 3.40 and a quick ratio of 3.40. The stock has a market cap of $441.75, a PE ratio of -15.25 and a beta of 2.07.

AZRE has been the topic of a number of recent research reports. BidaskClub cut Azure Power Global from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Zacks Investment Research raised Azure Power Global from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th.

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About Azure Power Global

Azure Power Global Limited is an India-based power producer. The Company sells solar power in India on long term fixed price contracts to its customers. The Company is also developing micro-grid applications for the highly fragmented and underserved electricity market in India. The Company operates approximately 20 utility scale projects and several commercial rooftop projects with a combined rated capacity of approximately 240 megawatts.

Earnings History for Azure Power Global (NYSE:AZRE)

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