Sky Solar Holdings, Ltd. (SKYS) Expected to Announce Quarterly Sales of $17.30 Million
Analysts expect that Sky Solar Holdings, Ltd. (NASDAQ:SKYS) will report sales of $17.30 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Sky Solar Holdings’ earnings. The highest sales estimate is $17.90 million and the lowest is $16.70 million. Sky Solar Holdings reported sales of $17.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.8%. The firm is scheduled to announce its next earnings report on Thursday, September 14th.
On average, analysts expect that Sky Solar Holdings will report full year sales of $17.30 million for the current fiscal year, with estimates ranging from $62.90 million to $69.40 million. For the next fiscal year, analysts anticipate that the business will post sales of $79.85 million per share, with estimates ranging from $74.00 million to $85.70 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Sky Solar Holdings.
Sky Solar Holdings (NASDAQ:SKYS) last issued its quarterly earnings data on Monday, May 15th. The solar energy provider reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.09. The company had revenue of $13.83 million during the quarter. Sky Solar Holdings had a net margin of 4.72% and a negative return on equity of 2.47%.
A number of equities analysts recently issued reports on the company. Zacks Investment Research raised Sky Solar Holdings from a “sell” rating to a “hold” rating and set a $1.50 price target on the stock in a report on Wednesday, July 19th. Roth Capital lowered Sky Solar Holdings from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $8.00 to $1.30 in a report on Friday, June 16th.
Shares of Sky Solar Holdings (SKYS) traded down 0.71% during trading on Friday, hitting $1.39. The stock had a trading volume of 10,466 shares. Sky Solar Holdings has a 12-month low of $1.00 and a 12-month high of $5.40. The stock has a market cap of $72.90 million, a price-to-earnings ratio of 18.53 and a beta of 1.78. The stock’s 50-day moving average is $1.40 and its 200-day moving average is $1.84.
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Sky Solar Holdings Company Profile
Sky Solar Holdings, Ltd. is an investment holding company. The Company is an independent power producer (IPP) engaged in developing, owning and operating solar parks. The Company focuses on the downstream solar market and develops projects primarily in Asia, South America, Europe and North America. Its subsidiaries are engaged in activities, such as selling electricity generated from solar parks owned by the Company as IPP; pipeline (including obtaining permits required for solar power projects and sourcing of solar modules), and providing engineering, procurement and construction (EPC) services ; providing operating and maintenance (O&M) services for solar parks; sales of solar modules, and building and transferring of solar parks (BT).
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