What's In Store For Azure Power Global (AZRE) In Q3 Earnings?
Zacks Investment Research | Feb 05, 2020 10:49PM ET
Azure Power Global Ltd. (NYSE:AZRE) is expected to release its third-quarter fiscal 2020 results soon. In the last reported quarter, the company delivered a negative earnings surprise of 725%.
Azure Power has a four-quarter negative earnings surprise of 161.11%, on average.
Let’s see how things have shaped up prior to this announcement.
Factors to Consider
The majority of Azure Power’s revenues is generated from the timely execution of its pipeline projects. The company is likely to have completed a rooftop project of 27 megawatts in the quarter under review, either completely or partially.
The company has been engaged in increasing output through wider deployment of cleaning technology.
We expect the company’s upcoming results to reflect solid revenue growth. In line with this, the Zacks Consensus Estimate for the fiscal third-quarter revenues is pegged at $44.2 million, suggesting 26.5% year-over-year growth.
Azure Power Global Ltd. Price and EPS Surprise
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