Sunworks (NASDAQ:SUNW) reported its Q1 earnings results on Tuesday, May 23, 2023 at 10:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Sunworks beat estimated earnings by 30.77%, reporting an EPS of $-0.18 versus an estimate of $-0.26.
Revenue was up $6.70 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.08 which was followed by a 6.35% drop in the share price the next day.
Here’s a look at Sunworks’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.12 | -0.14 | -0.14 | -0.26 |
| EPS Actual | -0.20 | -0.16 | -0.23 | -0.28 |
| Revenue Estimate | 40.37M | 37.35M | 31.20M | 28.70M |
| Revenue Actual | 53.60M | 40.71M | 36.40M | 31.20M |
To track all earnings releases for Sunworks visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
