I look at data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. See our latest analysis for RGSE Was RGSE’s recent earnings decline worse than the long-term trend and the industry? Below is a quick commentary on how I see RGSE has performed. These are useful yardsticks to help me gauge whether or not RGSE actually performed well. The two benchmarks I used were Real Goods Solar’s average earnings over the past couple of years, and its industry performance. To read this article on click here.When Real Goods Solar Inc’s ( NASDAQ:RGSE) announced its latest earnings (30 September 2017), I wanted to understand how these figures stacked up against its past performance.
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In line with this, the Zacks Consensus Estimate for Real Goods Solar’s first-quarter bottom line shows an improvement of 97.6%, when compared to the prior year quarter’s reported figure. Nevertheless, higher revenues generated from the sale of the POWERHOUSE shingles should boost the company’s quarterly earnings significantly. This delay might have an unfavorable impact on the company’s bottom-line performance in the soon-to-be-reported quarter.
This in turn led to a significant delay in the commercialization of the POWERHOUSE solar shingles. The company, which had previously expected to obtain the UL product certification in early 2018, ended up receiving the certification in November 2018. On the flip side, the timing for the launch of POWERHOUSE didn’t turn out to be advantageous for Real Goods Solar. In line with this, the Zacks Consensus Estimate for Real Goods Solar’s first-quarter revenues is pegged at $15.8 million, indicating a massive surge of 460.6% from the figure reported in the year-ago quarter. Moreover, with legislation like the California 2020 Solar Mandate and a significant amount of written reservations from roofing companies, we expect the company to have secured ample orders and the upcoming results to subsequently reflect We may expect the upcoming quarterly results to reflect the same. Undoubtedly, the commercialization of this product will boost Real Goods Solar’s revenues in the first quarter of 2019. Let’s see how things are shaping up prior to this announcement.įollowing the receipt of the product certification for its POWERHOUSE 3.0 solar shingle system in November 2018 and the California Energy Commission’s approval to market the same in January 2019, Real Goods Solar started manufacturing and commercializing this system. The company missed the Zacks Consensus Estimate in two of the trailing four quarters, the average negative surprise being 46.26%. RGSE is expected to release first-quarter 2019 results soon.
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