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

Enlight Renewable Energy (NASDAQ:ENLT) is anticipated to issue its quarterly earnings data 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 posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.09. The company had revenue of $109.50 million for the quarter, compared to the consensus estimate of $83.09 million. Enlight Renewable Energy had a return on equity of 3.34% and a net margin of 13.58%. Enlight Renewable Energy’s revenue for the quarter was up 87.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. 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 Stock Performance

Enlight Renewable Energy stock opened at $16.24 on Thursday. Enlight Renewable Energy has a 52 week low of $14.09 and a 52 week high of $18.48. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.64. The stock has a market cap of $1.88 billion, a P/E ratio of 36.91 and a beta of 1.51. The stock has a 50 day moving average of $16.61 and a 200-day moving average of $16.19.

Wall Street Analysts Forecast Growth

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

About Enlight Renewable Energy

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.