XPLR Infrastructure (NYSE:XIFR) Posts Quarterly Earnings Results, Misses Expectations By $1.30 EPS

XPLR Infrastructure (NYSE:XIFR - Get Free Report) announced its quarterly earnings results on Thursday. The solar energy provider reported ($1.05) EPS for the quarter, missing the consensus estimate of $0.25 by ($1.30), Briefing.com reports. XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. During the same period in the previous year, the business posted $0.75 EPS. The firm's revenue for the quarter was up 9.7% on a year-over-year basis.

XPLR Infrastructure Price Performance

Shares of XIFR stock traded down $0.14 on Wednesday, reaching $9.66. 499,881 shares of the company were exchanged, compared to its average volume of 2,736,661. The company has a market cap of $907.67 million, a price-to-earnings ratio of -96.60 and a beta of 0.93. The business has a 50-day moving average price of $8.80 and a 200 day moving average price of $12.95. XPLR Infrastructure has a 1 year low of $7.53 and a 1 year high of $35.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on XIFR shares. Morgan Stanley reaffirmed an "underweight" rating and set a $13.00 target price (down previously from $22.00) on shares of XPLR Infrastructure in a research report on Monday, February 3rd. Scotiabank decreased their target price on shares of XPLR Infrastructure from $15.00 to $12.00 and set a "sector perform" rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on XPLR Infrastructure from $22.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, January 23rd. Barclays boosted their target price on XPLR Infrastructure from $6.00 to $9.00 and gave the stock an "underweight" rating in a research note on Monday. Finally, Jefferies Financial Group cut their target price on XPLR Infrastructure from $25.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $17.64.

About XPLR Infrastructure

XPLR Infrastructure LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.