Azure Power Global (AZRE) to Release Earnings on Thursday

Azure Power Global (NYSE:AZRE) will be releasing its earnings data after the market closes on Thursday, February 8th. Analysts expect Azure Power Global to post earnings of ($0.15) per share for the quarter.

Azure Power Global (NYSE:AZRE) last issued its earnings results on Thursday, November 9th. The energy company reported ($0.64) EPS for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.31. Azure Power Global had a negative net margin of 29.67% and a negative return on equity of 12.48%. 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 (NYSE:AZRE) opened at $16.62 on Tuesday. Azure Power Global has a 52-week low of $12.53 and a 52-week high of $22.00. The company has a debt-to-equity ratio of 3.77, a current ratio of 3.40 and a quick ratio of 3.40.

A number of brokerages recently commented on AZRE. BidaskClub cut shares of Azure Power Global from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded shares of Azure Power Global from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a research report on Monday, January 8th.

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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.

Earnings History for Azure Power Global (NYSE:AZRE)

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