Investing.com - REN reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
REN announced earnings per share of €0.01 on revenue of €178.7M. Analysts polled by Investing.com anticipated EPS of €0.00 on revenue of €188M.
REN shares are up 13% from the beginning of the year and are trading at €2.885 , down-from-52-week-high.They are outperforming the PSI which is up 6.31% from the start of the year.
REN follows other major Utilities sector earnings this month
REN's report follows an earnings matched by EDP Renovaveis on Wednesday, May 4, 2022, who reported EPS of €0.07 on revenue of €569M, compared to forecasts EPS of €0.07 on revenue of €413.29M.
EDP had missed expectations on Thursday, May 5, 2022 with first quarter EPS of €-0.0192 on revenue of €5.5B, compared to forecast for EPS of €-0.015 on revenue of €2.28B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar