Wall Street brokerages expect Sky Solar Holdings (NASDAQ:SKYS) to announce earnings per share (EPS) of ($0.05) for the current quarter, Zacks reports. Zero analysts have provided estimates for Sky Solar’s earnings. The firm is expected to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Sky Solar will report full year earnings of $0.10 per share for the current financial year, with EPS estimates ranging from ($0.04) to $0.24. For the next year, analysts forecast that the company will post earnings of $0.04 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Sky Solar.
Several equities analysts recently commented on SKYS shares. BidaskClub upgraded Sky Solar from a “strong sell” rating to a “sell” rating in a research report on Friday, March 2nd. ValuEngine upgraded Sky Solar from a “sell” rating to a “hold” rating in a research report on Tuesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $3.92.
A hedge fund recently bought a new stake in Sky Solar stock. EnTrustPermal Partners Offshore LP bought a new position in shares of Sky Solar Holdings (NASDAQ:SKYS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 289,288 shares of the solar energy provider’s stock, valued at approximately $434,000. EnTrustPermal Partners Offshore LP owned 0.07% of Sky Solar at the end of the most recent reporting period. Institutional investors own 0.17% of the company’s stock.
About Sky Solar
Sky Solar Holdings, Ltd., an independent power producer, develops, owns, and operates solar parks worldwide. It develops projects; and generates and sells electricity in the downstream solar market. The company also sells solar energy systems, including pipeline and related engineering, construction, and procurement services, as well as is involved in building and transferring solar parks.
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