Azure Power Global Ltd. (AZRE) Set to Announce Quarterly Earnings on Thursday
Azure Power Global Ltd. (NYSE:AZRE) is set to issue its quarterly earnings data after the market closes on Thursday, November 9th. Analysts expect the company to announce earnings of ($0.76) per share for the quarter.
Azure Power Global (NYSE:AZRE) last released its quarterly earnings results on Friday, August 11th. The energy company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). The business had revenue of $29.06 million for the quarter, compared to the consensus estimate of $28.50 million. Azure Power Global had a negative return on equity of 9.96% and a negative net margin of 18.15%. On average, analysts expect Azure Power Global to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Azure Power Global Ltd. (NYSE AZRE) opened at $15.50 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 2.27.
Several research firms have recently weighed in on AZRE. BidaskClub lowered shares of Azure Power Global from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research lowered shares of Azure Power Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, Roth Capital set a $22.00 target price on shares of Azure Power Global and gave the company a “buy” rating in a report on Sunday, August 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Azure Power Global currently has an average rating of “Hold” and an average target price of $22.00.
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Azure Power Global Company Profile
Azure Power Global Limited is an India-based power producer. The Company sells solar power in India on long term fixed price contracts to its customers. The Company is also developing micro-grid applications for the highly fragmented and underserved electricity market in India. The Company operates approximately 20 utility scale projects and several commercial rooftop projects with a combined rated capacity of approximately 240 megawatts.
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