Earnings Recap for ReNew Energy Global plc Q2 2024
ReNew Energy Global plc (NASDAQ: RNW) announced its Q2 earnings results on November 20, 2023, at 06:12 AM, revealing some noteworthy highlights:
Earnings:
ReNew Energy Global plc exceeded estimated earnings by 10.0%, reporting an EPS of $0.11 compared to the estimated $0.1.
Revenue saw a significant increase of $105.00 million from the same period last year.
Past Earnings Performance:
In the previous quarter, the company surpassed EPS expectations by $0.03, resulting in a 0.99% increase in the share price the following day.
Past Performance:
Here is a breakdown of the company’s performance in previous quarters:
– Q1 2024: EPS Estimate: $0.06, EPS Actual: $0.09, Revenue Estimate: $296.17M, Revenue Actual: $300.00M
– Q4 2023: EPS Estimate: -$0.09, EPS Actual: $0, Revenue Estimate: $192.30M, Revenue Actual: $315.00M
– Q3 2023: EPS Estimate: -$0.08, EPS Actual: -$0.15, Revenue Estimate: $194.00M, Revenue Actual: $194.00M
– Q2 2023: EPS Estimate: $0.08, EPS Actual: -$0.03, Revenue Estimate: $281.10M, Revenue Actual: $240.00M
For more detailed information, investors can monitor all earnings releases for ReNew Energy Global plc on Nasdaq.
Following the positive earnings results, the company’s stock price experienced a notable increase of 9.61% and reached $6.50.
Investors seeking further information can visit the ReNew Energy Global plc Investor Relations page.
Please note that this information is based on the latest available data and news sources and does not include specific references or sources.
ReNew Energy Global Plc
RNW
Buy
Updated on: 04/12/2023
Financial Health
Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
RNW Stock Performance on November 20, 2023: Revenue Growth, Profitability Concerns, and the Importance of Monitoring Industry Dynamics
On November 20, 2023, the stock performance of RNW showed some interesting developments. RNW’s previous close on November 19, 2023, was $5.94. The stock opened at $6.32 on November 20, 2023, showing an initial increase. Throughout the day, the stock fluctuated within a range of $6.14 to $6.88, indicating some volatility in its trading activity. The volume of shares traded on that day was 54,332, which is significantly lower than the average volume of 623,908 over the past three months.
RNW’s market capitalization stood at $2.2 billion. RNW experienced a remarkable earnings growth of 70.37% in the previous year. Analysts predict a modest earnings growth rate of 0.82% for the next five years.
RNW achieved a healthy growth rate of 24.47% in the last year. However, RNW reported an annual profit of -$59.9 million, resulting in a net profit margin of -6.16%.
The price-to-earnings (P/E) ratio for RNW is not available (NM). The price-to-sales ratio is 2.21, and the price-to-book ratio stands at 1.70.
There is no competitor data available for RNW, making it challenging to compare its performance with industry peers.
As of the last reporting date on November 20, 2023, RNW’s earnings per share (EPS) forecast for the current quarter is $2.17.
In summary, RNW’s stock performance on November 20, 2023, showcased some interesting trends. The company has demonstrated strong revenue growth in the past year, but its negative net profit margin raises concerns about its profitability. The lack of competitor data further emphasizes the need to closely monitor RNW’s financial performance and industry dynamics to make informed investment decisions.
RNW Stock Shows Promising Performance, With Strong Revenue Stream and Positive Outlook
RNW stock had a promising performance on November 20, 2023, with a last price of 6.51. The 12-month price forecasts for RNW stock have a median target of 8.62, indicating a potential increase of 32.36% from the last price. The consensus among six investment analysts is to buy stock in Renew Energy Global PLC. RNW reported earnings per share of $2.17 for the current quarter and sales of $22.3 billion for the same period, indicating profitability and a strong revenue stream. Overall, the information suggests a positive outlook for RNW stock.
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