SunPower (NASDAQ:SPWR) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, October 30th. Analysts expect the company to announce earnings of ($0.45) per share for the quarter.
SunPower (NASDAQ:SPWR) last announced its quarterly earnings results on Monday, July 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.28. The firm had revenue of $449.09 million for the quarter, compared to analysts’ expectations of $389.86 million. SunPower had a negative net margin of 60.01% and a positive return on equity of 1.37%. SunPower’s revenue was up 36.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.35) earnings per share. On average, analysts expect SunPower to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of SPWR stock opened at $6.21 on Monday. The company has a market cap of $875.56 million, a price-to-earnings ratio of -15.15 and a beta of 1.96. The company has a debt-to-equity ratio of 9.81, a quick ratio of 1.22 and a current ratio of 1.75. SunPower has a fifty-two week low of $6.13 and a fifty-two week high of $10.00.
SPWR has been the topic of a number of recent research reports. Zacks Investment Research raised shares of SunPower from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research report on Tuesday, October 9th. JPMorgan Chase & Co. set a $9.00 price target on shares of SunPower and gave the company a “hold” rating in a research report on Wednesday, September 19th. BidaskClub raised shares of SunPower from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. ValuEngine raised shares of SunPower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Finally, Robert W. Baird lifted their price target on shares of SunPower from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Wednesday, September 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. SunPower presently has a consensus rating of “Hold” and a consensus target price of $8.72.
SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide. It operates through three segments: Residential, Commercial, and Power Plant. The company provides solar power components, including panels and system components, primarily to dealers, system integrators, and distributors.
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