Vivint Solar (VSLR) Misses Q1 EPS by 19c
Vivint Solar (NYSE: VSLR) reported Q1 EPS of ($0.57), $0.19 worse than the analyst estimate of ($0.38). Revenue for the quarter came in at $9.545 million versus the consensus estimate of $8.1 million.
- MW Booked of approximately 50 MWs for the quarter, up 90% year-over-year.
- MW Installed of approximately 46 MWs, up 131% year-over-year. Total cumulative MWs installed were approximately 274 MWs.
- Installations were 6,426 for the quarter, up 100% year-over-year. Cumulative installations were 42,146.
The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially. These statements supersede all prior statements regarding second quarter 2015 financial results.
For the second quarter of 2015, we expect:
- MW Installed: 63 to 67 MWs
- Total Revenue: $14 – $15 million
- Total Operating Expenses: $80 – $85 million (including $22 to $24 million in non-cash amortization of intangibles and stock compensation expense)
- Shares Outstanding: 105.9 million
For earnings history and earnings-related data on Vivint Solar (VSLR) click here.