Sunworks (SUNW) Posts Earnings Results, Meets Estimates

Sunworks (NASDAQ:SUNW) issued its earnings results on Tuesday. The semiconductor company reported ($0.07) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.07), Fidelity Earnings reports. Sunworks had a negative net margin of 9.34% and a negative return on equity of 39.57%. The business had revenue of $13.45 million for the quarter, compared to the consensus estimate of $13.40 million. During the same quarter last year, the firm posted ($0.14) EPS.

Shares of Sunworks traded down $0.05, reaching $1.20, during mid-day trading on Wednesday, MarketBeat Ratings reports. The company’s stock had a trading volume of 10,572 shares, compared to its average volume of 141,010. Sunworks has a 12-month low of $1.19 and a 12-month high of $1.24. The company has a market cap of $28.71 million, a PE ratio of -3.72, a P/E/G ratio of 2.07 and a beta of 1.44. The company has a current ratio of 1.18, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.

SUNW has been the topic of a number of research reports. Zacks Investment Research raised shares of Sunworks from a “sell” rating to a “hold” rating in a research note on Saturday, March 3rd. ValuEngine raised shares of Sunworks from a “sell” rating to a “hold” rating in a research note on Friday, April 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Sunworks currently has a consensus rating of “Hold” and a consensus target price of $2.67.

About Sunworks

Sunworks, Inc, through its subsidiaries, provides photo voltaic based power systems for the agricultural, commercial, industrial, and residential markets in California, Nevada, Oregon, and Washington, the United States. The company also designs, arranges, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger commercial projects.

Earnings History for Sunworks (NASDAQ:SUNW)

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