In the latest trading session, Enphase Energy (ENPH - Free Report) closed at $23.40, marking a -1.31% move from the previous day. This change lagged the S&P 500's daily gain of 0.29%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.19%.
Heading into today, shares of the solar technology company had lost 5.24% over the past month, lagging the Oils-Energy sector's loss of 2.64% and the S&P 500's gain of 0.32% in that time.
Wall Street will be looking for positivity from ENPH as it approaches its next earnings report date. This is expected to be October 29, 2019. On that day, ENPH is projected to report earnings of $0.25 per share, which would represent year-over-year growth of 525%. Meanwhile, our latest consensus estimate is calling for revenue of $176.47 million, up 126.24% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.79 per share and revenue of $603.28 million. These totals would mark changes of +690% and +90.82%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for ENPH. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. ENPH is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, ENPH currently has a Forward P/E ratio of 29.95. This valuation marks a premium compared to its industry's average Forward P/E of 22.98.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ENPH in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
In the latest trading session, Enphase Energy (ENPH - Free Report) closed at $23.40, marking a -1.31% move from the previous day. This change lagged the S&P 500's daily gain of 0.29%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.19%.
Heading into today, shares of the solar technology company had lost 5.24% over the past month, lagging the Oils-Energy sector's loss of 2.64% and the S&P 500's gain of 0.32% in that time.
Wall Street will be looking for positivity from ENPH as it approaches its next earnings report date. This is expected to be October 29, 2019. On that day, ENPH is projected to report earnings of $0.25 per share, which would represent year-over-year growth of 525%. Meanwhile, our latest consensus estimate is calling for revenue of $176.47 million, up 126.24% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.79 per share and revenue of $603.28 million. These totals would mark changes of +690% and +90.82%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for ENPH. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. ENPH is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, ENPH currently has a Forward P/E ratio of 29.95. This valuation marks a premium compared to its industry's average Forward P/E of 22.98.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ENPH in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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