Analysts Anticipate Sky Solar Holdings Ltd (SKYS) Will Announce Earnings of $0.05 Per Share

Wall Street brokerages expect Sky Solar Holdings Ltd (NASDAQ:SKYS) to report earnings per share (EPS) of $0.05 for the current quarter, according to Zacks. Zero analysts have made estimates for Sky Solar’s earnings. The firm is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Sky Solar will report full year earnings of $0.10 per share for the current fiscal year, with EPS estimates ranging from ($0.04) to $0.24. For the next financial year, analysts expect that the firm will report earnings of $0.04 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Sky Solar.

Separately, BidaskClub cut shares of Sky Solar from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Sky Solar presently has an average rating of “Hold” and an average price target of $3.92.

SKYS traded up $0.04 during midday trading on Monday, reaching $0.83. 6,006 shares of the company’s stock were exchanged, compared to its average volume of 13,040. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.17. The stock has a market cap of $307.23 million, a P/E ratio of -1.04 and a beta of 1.05. Sky Solar has a 1-year low of $0.78 and a 1-year high of $2.43.

About Sky Solar

Sky Solar Holdings, Ltd., an investment holding company, operates as an independent power producer worldwide. The company develops, owns, and operates solar parks primarily in the downstream solar market. It also sells solar energy systems, including pipeline; and engineering, construction, and procurement services, as well as engages in building and transferring solar parks.

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