Azure Power Global Ltd. (AZRE) Scheduled to Post Quarterly Earnings on Friday
Azure Power Global Ltd. (NYSE:AZRE) will be issuing its quarterly earnings data after the market closes on Friday, August 11th. Analysts expect the company to announce earnings of $0.12 per share for the quarter.
Azure Power Global (NYSE:AZRE) last posted its quarterly earnings data on Monday, June 19th. The energy company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.16. Azure Power Global had a negative net margin of 34.55% and a negative return on equity of 37.63%. The business had revenue of $20.32 million for the quarter, compared to the consensus estimate of $21.50 million. On average, analysts expect Azure Power Global to post $0.36 EPS for the current fiscal year and $0.88 EPS for the next fiscal year.
Azure Power Global Ltd. (NYSE AZRE) traded down 3.3279% during trading on Thursday, hitting $15.3612. 1,595 shares of the stock traded hands. The stock’s market cap is $398.09 million. Azure Power Global Ltd. has a 52 week low of $12.73 and a 52 week high of $22.00. The firm’s 50-day moving average is $16.16 and its 200 day moving average is $16.85.
Separately, Zacks Investment Research upgraded Azure Power Global from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th.
About Azure Power Global
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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