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

Enlight Renewable Energy (NASDAQ:ENLT) is scheduled to release its earnings data before the market opens on Wednesday, November 13th. Analysts expect Enlight Renewable Energy to post earnings of $0.01 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $84.70 million during the quarter, compared to analysts’ expectations of $76.23 million. Enlight Renewable Energy had a net margin of 18.61% and a return on equity of 3.97%. The business’s quarterly revenue was up 61.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 earnings per share. 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 Price Performance

Enlight Renewable Energy stock opened at $16.48 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.59. Enlight Renewable Energy has a 52-week low of $13.33 and a 52-week high of $20.00. The firm has a market cap of $1.90 billion, a PE ratio of 36.62 and a beta of 1.71. The company’s 50 day moving average is $15.99 and its two-hundred day moving average is $16.37.

Analysts Set New Price Targets

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

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.