Enlight Renewable Energy (ENLT) Projected to Post Earnings on Wednesday

Enlight Renewable Energy (NASDAQ:ENLT) is expected to be announcing its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of ($0.13) per share and revenue of $289.04 million for the quarter.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. Enlight Renewable Energy had a return on equity of 3.34% and a net margin of 13.58%. The business had revenue of $109.50 million during the quarter, compared to analyst estimates of $83.09 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 87.8% compared to the same quarter last year. On average, analysts expect Enlight Renewable Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Enlight Renewable Energy Price Performance

Shares of NASDAQ ENLT opened at $16.24 on Thursday. The firm has a market capitalization of $1.88 billion, a PE ratio of 36.91 and a beta of 1.51. The business’s fifty day moving average price is $16.61 and its two-hundred day moving average price is $16.19. Enlight Renewable Energy has a 1-year low of $14.09 and a 1-year high of $18.48. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.53 and a quick ratio of 0.53.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ENLT. Barclays lifted their price target on Enlight Renewable Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, November 15th. JPMorgan Chase & Co. increased their target price on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd.

Enlight Renewable Energy Company Profile

Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.