Core Viewpoint - ReNew Energy Global PLC (RNW) is positioned as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook and potential for continued stock gains [1][2]. Earnings Estimate Revisions - Consensus earnings estimates for ReNew Energy Global have increased notably for both the next quarter and the full year, reflecting strong agreement among analysts in raising these estimates [2]. - Over the past 30 days, the Zacks Consensus Estimate for the current quarter has risen by 11.11%, with one estimate moving higher and no negative revisions [6]. - For the full year, the earnings estimate of $0.10 per share represents a decrease of 16.67% from the previous year [11]. Zacks Rank and Performance - ReNew Energy Global currently holds a Zacks Rank 2 (Buy), which is based on favorable estimate revisions and is associated with strong historical performance [4][8]. - The Zacks Rank system has shown that stocks rated 1 (Strong Buy) and 2 (Buy) tend to significantly outperform the S&P 500, with 1 ranked stocks averaging a +25% annual return since 2008 [5][8]. Analyst Optimism - The upward trend in estimate revisions reflects growing optimism among analysts regarding ReNew Energy Global's earnings prospects, which is expected to positively influence its stock price [9]. - The stock has gained 7.8% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [8].

Investors might want to bet on ReNew Energy Global PLC (RNW) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. As such, the Zacks rating upgrade for ReNew Energy Global is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. For ReNew Energy Global, rising earnings estimates and the consequent rating upgra ...

According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading. The average comprises six short-term price targets ranging from a low of $7.36 to a high of $10, with a standard deviation of $0.94. Wh ...

ReNew Energy Global Plc (NASDAQ:RNW) Q4 2024 Earnings Conference Call June 6, 2024 8:00 AM ET Company Participants Nathan Judge - Head, Investor Relations Sumant Sinha - Founder, Chairman, and Chief Executive Officer Kailash Vaswani - Chief Financial Officer Vaishali Nigam Sinha - Co-Founder and Chairperson of Sustainability Conference Call Participants Justin Clare - ROTH Capital Partners Puneet Gulati - HSBC Maheep Mandloi - Mizuho Angie Storozynski - Seaport Nikhil Nigania - Bernstein Operator Thank you ...

Q4 FY24 results and long-term outlook This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by ReNew Energy Global, the markets in which ReNew Energy Global operates and ReNew Energy Global's future potential financial and operational results. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "futur ...

ReNew Energy Global shares have lost about 20.8% since the beginning of the year versus the S&P 500's gain of 10.9%. ReNew Energy Global PLC (RNW) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. What's Next for ReNew Energy Global? This quarterly report represents an earnings surprise of 133.33%. A quarter ago, it was expected ...

Understood. That's helpful. And lastly, if you can give some color on what's happening on the ALMM front, and the ministry has put it on abeyance, what does it mean for you? Okay. So in case no further announcement comes from the ministry, ALMM will get effective from 1st April? Okay. And lastly, if I may, the solar PLF this quarter is a little lower versus the last year, the same period. Is there an issue on the irradiation side this time? Sumant Sinha Maheep Mandloi Maheep Mandloi Any hi, the line is not ...

Q3 FY24 Earnings Presentation February 20, 2024 This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by ReNew Energy Global, the markets in which ReNew Energy Global operates and ReNew Energy Global's future potential financial and operational results. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strateg ...

Company Participants Thank you for standing by, and welcome to the ReNew's Second Quarter Fiscal Year '24 Earnings Report. All participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. [Operator Instructions] After the prepared remarks, we will open up the call for questions. Please note, our safe harbor statements are contained within our press release, presentation materials and materials available on our website. These statements are important and int ...

Q2 FY24 Earnings Presentation November 20, 2023 Non – IFRS Financial Measures 01 Highlights Highlights 1 This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by ReNew Energy Global, the markets in which ReNew Energy Global operates and ReNew Energy Global's future potential financial and operational results. These forward-looking statements generally are identified by the words "believe," "project ...