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Enphase Energy (ENPH) Stock Moves -0.3%: What You Should Know
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Enphase Energy (ENPH - Free Report) closed at $250.31 in the latest trading session, marking a -0.3% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.56%. Meanwhile, the Dow lost 1.81%, and the Nasdaq, a tech-heavy index, lost 4.66%.
Prior to today's trading, shares of the solar technology company had lost 16.89% over the past month. This has lagged the Oils-Energy sector's gain of 6.91% and the S&P 500's gain of 3.82% in that time.
Investors will be hoping for strength from Enphase Energy as it approaches its next earnings release. On that day, Enphase Energy is projected to report earnings of $1.28 per share, which would represent year-over-year growth of 75.34%. Meanwhile, our latest consensus estimate is calling for revenue of $704.92 million, up 70.8% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for Enphase Energy. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.72% higher. Enphase Energy currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Enphase Energy has a Forward P/E ratio of 45.61 right now. For comparison, its industry has an average Forward P/E of 37, which means Enphase Energy is trading at a premium to the group.
Investors should also note that ENPH has a PEG ratio of 1.01 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Solar stocks are, on average, holding a PEG ratio of 0.94 based on yesterday's closing prices.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Enphase Energy (ENPH) Stock Moves -0.3%: What You Should Know
Enphase Energy (ENPH - Free Report) closed at $250.31 in the latest trading session, marking a -0.3% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.56%. Meanwhile, the Dow lost 1.81%, and the Nasdaq, a tech-heavy index, lost 4.66%.
Prior to today's trading, shares of the solar technology company had lost 16.89% over the past month. This has lagged the Oils-Energy sector's gain of 6.91% and the S&P 500's gain of 3.82% in that time.
Investors will be hoping for strength from Enphase Energy as it approaches its next earnings release. On that day, Enphase Energy is projected to report earnings of $1.28 per share, which would represent year-over-year growth of 75.34%. Meanwhile, our latest consensus estimate is calling for revenue of $704.92 million, up 70.8% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for Enphase Energy. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.72% higher. Enphase Energy currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Enphase Energy has a Forward P/E ratio of 45.61 right now. For comparison, its industry has an average Forward P/E of 37, which means Enphase Energy is trading at a premium to the group.
Investors should also note that ENPH has a PEG ratio of 1.01 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Solar stocks are, on average, holding a PEG ratio of 0.94 based on yesterday's closing prices.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.