Sunworks, Inc. (SUNW) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Sunworks, Inc. (NASDAQ:SUNW) announced its quarterly earnings data on Tuesday. The semiconductor company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.10), RTT News reports. Sunworks had a negative return on equity of 54.69% and a negative net margin of 15.37%. During the same period in the prior year, the company earned ($0.29) EPS.

Sunworks (NASDAQ:SUNW) traded down $0.26 during trading on Wednesday, reaching $1.10. The company’s stock had a trading volume of 1,201,800 shares, compared to its average volume of 134,375. The company has a quick ratio of 1.23, a current ratio of 1.40 and a debt-to-equity ratio of 0.07. Sunworks has a 1 year low of $0.98 and a 1 year high of $2.45.

SUNW has been the subject of several research reports. Zacks Investment Research downgraded Sunworks from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. ValuEngine upgraded Sunworks from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. Cowen and Company set a $3.00 target price on Sunworks and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, Chardan Capital upgraded Sunworks from a “neutral” rating to a “buy” rating and set a $2.50 target price for the company in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $2.67.

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About Sunworks

Sunworks, Inc, formerly Solar3D, Inc, provides photo voltaic (PV) based power systems for the residential, commercial and agricultural markets in California and Nevada. The Company, through its operating subsidiaries, designs, arranges financing, integrates, installs and manages systems ranging in size from 2 kilowatt (KW) for residential loads to multi megawatts (MW) systems for larger commercial projects.

Earnings History for Sunworks (NASDAQ:SUNW)

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