Enlight Renewable Energy (ENLT) to Release Earnings on Wednesday

Enlight Renewable Energy (NASDAQ:ENLT) is set to issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect Enlight Renewable Energy to post earnings of $0.09 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.05). The company had revenue of $73.83 million during the quarter, compared to analyst estimates of $85.36 million. Enlight Renewable Energy had a net margin of 27.74% and a return on equity of 5.05%. On average, analysts expect Enlight Renewable Energy to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Enlight Renewable Energy Stock Performance

NASDAQ:ENLT opened at $17.26 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.14 and a current ratio of 1.14. Enlight Renewable Energy has a fifty-two week low of $12.11 and a fifty-two week high of $20.44. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 30.28 and a beta of 1.68. The stock has a fifty day moving average price of $16.81 and a 200-day moving average price of $16.86.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ENLT shares. Barclays cut their price objective on shares of Enlight Renewable Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $16.00 price target (down previously from $19.00) on shares of Enlight Renewable Energy in a research report on Monday, April 8th.

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.