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Enphase Energy (ENPH) to Post Q4 Earnings: What's in Store?
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Enphase Energy, Inc. (ENPH - Free Report) is slated to report fourth-quarter 2021 results on Feb 8, after the closing bell.
In the last reported quarter, the company delivered an earnings surprise of 27.66%. Its bottom line outpaced the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 29.49%.
Factors to Note
Increased sales of Enphase Energy’s Storage Systems buoyed by solid demand in the solar market are expected to have boosted its shipments. This in turn is projected to boost the company’s revenues in the to-be-reported quarter.
Moreover, the growth of the Enphase installer network, the continued adoption of the high-power IQ 7A product and the growing strength of its AC module partnerships are expected to have bolstered Enphase’s top-line performance.
Further, Enphase started shipping IQ 7+ microinverters to installers in early October. Also, the company introduced Enphase storage systems in both Germany and Belgium in the third quarter. These must have boosted its fourth-quarter revenues.
The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $403.1 million, suggesting growth of 52.2% from the year-ago quarter.
In December 2021, Enphase started production shipments of IQ8 Microinverters for customers in North America. Notably, the price of IQ8 is higher than IQ7 microinverters, which is likely to have offset increased logistics and component costs. This may have aided its margins in the to-be-reported quarter, thereby boosting its earnings. The aforementioned optimism for the company’s revenue growth also makes us optimistic about its bottom-line performance in the fourth quarter.
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 57 cents per share, indicating an improvement of 11.8% from the prior-year reported figure.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Enphase Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that is not the case here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here are three solar players that are yet to release their Q4 numbers:
First Solar (FSLR - Free Report) currently has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for its Q4 earnings, pegged at $1.07, implies a year-over-year slip of 0.9%.
The company boasts a long-term earnings growth rate of 10.8%. First Solar has a four-quarter earnings surprise of 19.01%.
SolarEdge Technologies (SEDG - Free Report) currently has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). The Zacks Consensus Estimate for its Q4 earnings, pegged at $1.29, implies a year-over-year improvement of 31.6%.
The company boasts a long-term earnings growth rate of 21.1%. SolarEdge has a four-quarter earnings surprise of 7.26%.
SunPower (SPWR - Free Report) currently has an Earnings ESP of -145.46% and a Zacks Rank #4. The Zacks Consensus Estimate for its Q4 earnings, pegged at 4 cents, implies a year-over-year decline of 71.4%.
The company boasts a long-term earnings growth rate of 34.1%. SunPower has a four-quarter earnings surprise of 113.33%.
Image: Bigstock
Enphase Energy (ENPH) to Post Q4 Earnings: What's in Store?
Enphase Energy, Inc. (ENPH - Free Report) is slated to report fourth-quarter 2021 results on Feb 8, after the closing bell.
In the last reported quarter, the company delivered an earnings surprise of 27.66%. Its bottom line outpaced the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 29.49%.
Factors to Note
Increased sales of Enphase Energy’s Storage Systems buoyed by solid demand in the solar market are expected to have boosted its shipments. This in turn is projected to boost the company’s revenues in the to-be-reported quarter.
Moreover, the growth of the Enphase installer network, the continued adoption of the high-power IQ 7A product and the growing strength of its AC module partnerships are expected to have bolstered Enphase’s top-line performance.
Enphase Energy, Inc. Price and EPS Surprise
Enphase Energy, Inc. price-eps-surprise | Enphase Energy, Inc. Quote
Further, Enphase started shipping IQ 7+ microinverters to installers in early October. Also, the company introduced Enphase storage systems in both Germany and Belgium in the third quarter. These must have boosted its fourth-quarter revenues.
The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $403.1 million, suggesting growth of 52.2% from the year-ago quarter.
In December 2021, Enphase started production shipments of IQ8 Microinverters for customers in North America. Notably, the price of IQ8 is higher than IQ7 microinverters, which is likely to have offset increased logistics and component costs. This may have aided its margins in the to-be-reported quarter, thereby boosting its earnings. The aforementioned optimism for the company’s revenue growth also makes us optimistic about its bottom-line performance in the fourth quarter.
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 57 cents per share, indicating an improvement of 11.8% from the prior-year reported figure.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Enphase Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that is not the case here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Enphase Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Upcoming Releases
Here are three solar players that are yet to release their Q4 numbers:
First Solar (FSLR - Free Report) currently has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for its Q4 earnings, pegged at $1.07, implies a year-over-year slip of 0.9%.
The company boasts a long-term earnings growth rate of 10.8%. First Solar has a four-quarter earnings surprise of 19.01%.
SolarEdge Technologies (SEDG - Free Report) currently has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). The Zacks Consensus Estimate for its Q4 earnings, pegged at $1.29, implies a year-over-year improvement of 31.6%.
The company boasts a long-term earnings growth rate of 21.1%. SolarEdge has a four-quarter earnings surprise of 7.26%.
SunPower (SPWR - Free Report) currently has an Earnings ESP of -145.46% and a Zacks Rank #4. The Zacks Consensus Estimate for its Q4 earnings, pegged at 4 cents, implies a year-over-year decline of 71.4%.
The company boasts a long-term earnings growth rate of 34.1%. SunPower has a four-quarter earnings surprise of 113.33%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.