$190.79 Million in Sales Expected for ReNew Energy Global plc (NASDAQ:RNW) This Quarter

Wall Street brokerages expect that ReNew Energy Global plc (NASDAQ:RNWGet Rating) will report sales of $190.79 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for ReNew Energy Global’s earnings, with the lowest sales estimate coming in at $155.08 million and the highest estimate coming in at $226.50 million. The firm is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that ReNew Energy Global will report full year sales of $905.49 million for the current year, with estimates ranging from $885.98 million to $921.50 million. For the next fiscal year, analysts anticipate that the firm will post sales of $1.06 billion, with estimates ranging from $1.04 billion to $1.08 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for ReNew Energy Global.

ReNew Energy Global (NASDAQ:RNWGet Rating) last released its quarterly earnings results on Thursday, February 24th. The company reported ($0.20) EPS for the quarter. The firm had revenue of $181.00 million for the quarter.

Separately, Zacks Investment Research upgraded shares of ReNew Energy Global from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $13.42.

RNW stock traded up $0.21 during midday trading on Friday, reaching $7.01. The company’s stock had a trading volume of 326,290 shares, compared to its average volume of 975,441. The business’s 50-day simple moving average is $7.69 and its 200-day simple moving average is $7.66. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.14 and a quick ratio of 1.12. ReNew Energy Global has a 52 week low of $5.06 and a 52 week high of $12.30.

Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new stake in ReNew Energy Global during the 3rd quarter worth approximately $31,000. Krane Funds Advisors LLC acquired a new position in shares of ReNew Energy Global during the 1st quarter valued at $79,000. Envestnet Asset Management Inc. acquired a new position in shares of ReNew Energy Global during the 1st quarter valued at $93,000. Penserra Capital Management LLC acquired a new position in ReNew Energy Global during the third quarter worth $96,000. Finally, Sei Investments Co. acquired a new position in ReNew Energy Global during the first quarter worth $115,000. Institutional investors own 38.79% of the company’s stock.

About ReNew Energy Global (Get Rating)

ReNew Energy Global plc generates power through non-conventional and renewable energy sources in India. It operates through Wind Power and Solar Power segments. It develops, builds, owns, and operates utility scale wind and solar energy, as well as distributed solar energy projects that generate energy for commercial and industrial customers.

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