Enlight Renewable Energy (ENLT) to Release Quarterly Earnings on Wednesday

Enlight Renewable Energy (NASDAQ:ENLT) will issue its quarterly earnings data before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.07. The business had revenue of $84.70 million for the quarter, compared to analyst estimates of $76.23 million. Enlight Renewable Energy had a return on equity of 3.97% and a net margin of 18.61%. The company’s quarterly revenue was up 61.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 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 Up 4.8 %

Shares of NASDAQ:ENLT opened at $16.48 on Wednesday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 36.62 and a beta of 1.71. Enlight Renewable Energy has a 12-month low of $13.33 and a 12-month high of $20.00. The business has a 50-day moving average price of $15.99 and a 200 day moving average price of $16.37. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reiterated a “buy” rating and set a $20.00 price target on shares of Enlight Renewable Energy in a research report on Wednesday, August 14th.

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.