8Point3 Energy Partners LP (NASDAQ:CAFD) has been analysed and allotted ratings by 12 brokerage firms over a period of 12 months. These Wall Street analysts have reached a mean target price of $18.208 for the company.
Researchers estimate that its earnings per share will be $0. The figure is reached by calculating the mean of the earnings predictions of every brokerage sell-side researcher for the firm. 8Point3 Energy Partners LP (NASDAQ:CAFD) will come out with its quarterly earnings issue on 2017-01-03, though the date is still tentative. The company reported $0.38 as earnings for the quarter that ended on 2016-08-31. The arithmetical mean was calculated from 12 analysts ratings; the company received from brokerage researchers that covered it and a mean rating of $1.53 was arrived at.
The rating figure can range from 1 to 5, where a company scoring 1 is considered a Strong Buy whereas 5 is a Strong Sell. Out of all the 12 analysts that researched 8Point3 Energy Partners LP, the best estimate pegs its stock price reaching a high of $22.5 within the coming year whereas the lowest estimate for the same period is $11. Researchers calculated the estimated earnings per share for 8Point3 Energy Partners LP through the current year and the mean EPS target reached is $0.65.
For the same period, the earnings per share estimate ranges from a low of $-0.06 to a high of $1.48. 1 researchers gave long term estimates for the earning per share of the company over a period of three to five years and have projected that the EPS will grow at a rate of 13%.
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