Enlight Renewable Energy Ltd reports results for the quarter - Earnings Summary

• Enlight Renewable Energy Ltd ENLT.TA reported quarterly adjusted earnings of 12 cents​​ per share for the quarter , lower than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of four analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from -3 cents to 8 cents per share.

• Revenue rose 87.8% to $109.50 million from a year ago; analysts expected $84.58 million.

• Enlight Renewable Energy Ltd's reported EPS for the quarter was 12 cents​.

• The company reported quarterly net income of $14.25 million.

• Enlight Renewable Energy Ltd shares had fallen by 10.4% this quarter and lost 20.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 9.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the independent power producers peer group is also "buy"

Wall Street's median 12-month price target for Enlight Renewable Energy Ltd is $20.00

This summary was machine generated from LSEG data November 13 at 03:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)