iSun, Inc. (NASDAQ:ISUN) Expected to Post Earnings of -$0.07 Per Share

Wall Street analysts expect iSun, Inc. (NASDAQ:ISUNGet Rating) to announce earnings per share (EPS) of ($0.07) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for iSun’s earnings, with estimates ranging from ($0.24) to $0.11. iSun reported earnings per share of ($0.18) during the same quarter last year, which would suggest a positive year-over-year growth rate of 61.1%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that iSun will report full year earnings of $0.34 per share for the current financial year, with EPS estimates ranging from ($0.26) to $0.93. For the next financial year, analysts expect that the business will post earnings of $0.67 per share, with EPS estimates ranging from $0.21 to $1.13. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for iSun.

ISUN has been the subject of a number of recent research reports. Alliance Global Partners cut their price target on iSun from $33.00 to $10.00 in a research note on Tuesday, April 26th. Roth Capital began coverage on iSun in a research report on Thursday, March 10th. They issued a “buy” rating and a $7.00 price target on the stock. Finally, Zacks Investment Research downgraded iSun from a “buy” rating to a “hold” rating in a research report on Tuesday, January 25th.

NASDAQ ISUN traded up $0.13 during trading on Tuesday, reaching $2.67. 1,861 shares of the company’s stock were exchanged, compared to its average volume of 294,409. iSun has a fifty-two week low of $2.51 and a fifty-two week high of $13.98. The firm has a market capitalization of $37.54 million, a PE ratio of -3.73 and a beta of 0.40. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $4.04 and its 200-day simple moving average is $5.54.

Several large investors have recently made changes to their positions in ISUN. Morgan Stanley boosted its stake in iSun by 69.0% in the 3rd quarter. Morgan Stanley now owns 10,388 shares of the company’s stock valued at $86,000 after buying an additional 4,241 shares in the last quarter. Citadel Advisors LLC acquired a new stake in iSun in the 2nd quarter valued at $142,000. Raymond James Financial Services Advisors Inc. boosted its stake in iSun by 12.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 30,134 shares of the company’s stock valued at $250,000 after buying an additional 3,260 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in iSun in the 3rd quarter valued at $347,000. Finally, Geode Capital Management LLC boosted its stake in iSun by 21.1% in the 3rd quarter. Geode Capital Management LLC now owns 56,451 shares of the company’s stock valued at $468,000 after buying an additional 9,844 shares in the last quarter. 9.86% of the stock is currently owned by institutional investors.

About iSun (Get Rating)

iSun, Inc operates as a solar engineering, construction, and procurement contractor for commercial and industrial customers in the Northeastern United States. It also provides electrical contracting services; and data and communication services. The company was formerly known as The Peck Company Holdings, Inc and changed its name to iSun, Inc in January 2021.

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