8point3 Energy Partners (CAFD) Reports Q1 EPS of 27c

8point3 Energy Partners (NASDAQ: CAFD) reported Q1 EPS of $0.27, may not compare to the analyst estimate of ($0.11). Revenue for the quarter came in at $7.1 million versus the consensus estimate of $6.74 million.

GUIDANCE:

8point3 Energy Partners sees Q2 2016 revenue of $11-12 million, versus the consensus of $14.27 million.

• net loss of $2.0 to $0.5 million, adjusted EBITDA of $14.5 million to $16.0 million, CAFD of $6.0 million to $7.5 million and a distribution per share of approximately $0.232, a forecasted increase of 3.5 percent compared to the Q1 2016 distribution.
• The partnership also reiterated that it expects to achieve its 12 to 15 percent distribution growth rate for 2016.

For earnings history and earnings-related data on 8point3 Energy Partners (CAFD) click here.

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