PEGY Earnings

PEGY reported its earnings on 2024-08-08, showcasing a revenue of 0.00 against an estimate of 21.00M, resulting in a 0% surprise. The EPS was 0, surpassing the expected -2.7 by 0% . The stock experienced a -0.98% price change on the earnings day and a -1.96% change over the next five days, reflecting market reactions to the results.

Following PEGY's earnings announcement on 2024-08-08, the stock price moved by -0.98% on the day of the release. Over the subsequent five days, it saw a -1.96% change. Historically, PEGY's stock price tends to shift by an average of +3.20% in the 10 days leading up to earnings and +105.85% in the 10 days following, providing insight into potential market.

For 2024/Q3, analysts estimate PEGY’s annual revenue to reach 25.00M, while the EPS is projected at undefined. These estimates reflect recent revisions, with revenue estimates revised Revenue No Change by % and EPS estimates No Change by % over the past three months, indicating analyst expectation in the company’s performance.

The correlation between PEGY's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for were No Change by %, while EPS estimates moved No Change by % . This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, PEGY's stock price typically moves by +3.20% in the 10 days before its earnings and +105.85% in the 10 days after. For the upcoming 2024/Q3 earnings, analysts expect an EPS of undefined and revenue of 25.00M.

The earnings call reveals a mixed financial performance: while there are improvements in net loss and EBITDA, key metrics like pro forma revenue and gross profit have declined. The Q&A section highlights concerns about declining gross margins and lack of guidance for 2024, contributing to uncertainty. Additionally, the end of the Battery Bonus Program in Hawaii could impact future demand. These factors, combined with vague management responses, suggest a negative sentiment, likely leading to a stock price decline of -2% to -8% over the next two weeks.