Education
About Us
Working with TipRanks
Follow Us
Spruce Power Holding (SPRU)
NYSE:SPRU
Earnings Data
Report Date
Mar 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-2.81Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: 2.49%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment. While the company showed strong core business performance, customer satisfaction, and promising growth initiatives, it also faced challenges with decreased revenue, increased expenses, and a significant goodwill impairment charge. The decision to resume stock repurchases and strategic acquisitions hints at confidence in future prospects.Company Guidance
During the Spruce Power Q3 2024 earnings call, the management provided guidance indicating a slight downward adjustment in their financial expectations for the year. The company now anticipates an adjusted operating EBITDA range of $57 million to $62 million, with a midpoint of $60 million, reflecting a decrease from their earlier guidance of $68 million. This revision accounts for increased operations and maintenance expenses and higher corporate expenses, including legal costs. Despite this, Spruce Power maintains a robust balance sheet with total cash holdings of $150 million, including $114 million in unrestricted cash. Their strategic focus remains on expanding their distributed energy platform through acquisitions and the growth of their Spruce Pro servicing business. The company has also announced a share buyback program, signaling confidence in their long-term growth trajectory.Solid Core Business Performance
The core business delivered solid results with third quarter revenue of $21.4 million and operating EBITDA of $17.7 million. Stability and predictability of financial results were affirmed with a run rate of $120 million to $130 million of annual business cash inflows.
Strong Customer Satisfaction
Customer satisfaction scores improved significantly, with a CSAT score of 81% versus 75% a year ago. Spruce's servicing was recognized as the top servicer in residential solar by a project finance lender.
M&A and Growth Initiatives
A nonbinding letter of intent was signed to acquire a portfolio of close to 10,000 home solar systems, expected to close in the fourth quarter. Additionally, an MOU was signed with a large residential solar installer to provide servicing solutions.
Robust Balance Sheet
Total cash of $150 million at quarter end, with unrestricted cash of $114 million. The company announced the resumption of its stock repurchase program, indicating a positive outlook on share value.
---
SPRU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
SPRU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 31, 2025 | $2.41 | ― | ― |
| Nov 13, 2024 | $2.49 | $2.29 | -8.03% |
| Aug 14, 2024 | $3.34 | $3.07 | -8.08% |
| May 15, 2024 | $3.79 | $3.82 | +0.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Spruce Power Holding (SPRU) report earnings?
Spruce Power Holding (SPRU) is schdueled to report earning on Mar 31, 2025, TBA Not Confirmed.
What is Spruce Power Holding (SPRU) earnings time?
Spruce Power Holding (SPRU) earnings time is at Mar 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPRU EPS forecast?
Currently, no data Available
---