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SolarEdge (SEDG) Set to Post Q4 Earnings: What's in the Cards?
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SolarEdge Technologies, Inc. (SEDG - Free Report) is slated to report fourth-quarter and full-year 2022 results on Feb 13, after the closing bell.
In the last reported quarter, the company delivered a negative earnings surprise of 36.36%. SEDG has a trailing four-quarter negative earnings surprise of 22.37%, on average.
Factors to Note
Solid shipment of the company’s DC-optimized inverters, along with residential batteries, is likely to have benefited SolarEdge’s overall Q4 top line.
Strong sales growth in both Europe and the United States are expected to have aided the company’s sales growth in the fourth quarter, buoyed by its strong product portfolio and presence in these regions. In addition, the upcoming results are likely to reflect growing momentum of SolarEdge’s products in Vietnam, China, Taiwan, South Africa as well as Australia.
SolarEdge Technologies, Inc. Price and EPS Surprise
On the product front, growing demand for its single-phase battery, particularly in Australia, South Africa and the United Kingdom, is expected to have benefited the fourth-quarter top line. Also, the launch of its Sense Connect technology at the onset of Q4 might have added impetus to its overall result.
The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $875.4 million, suggesting growth of 58.6% from the year-ago quarter’s reported number.
Solid revenue growth is likely to have aided the margin performance in the soon-to-be-reported quarter. This may have benefited the company’s bottom line in the fourth quarter of 2022.
However, foreign currency movements are likely to have some negative impact on the overall Q4 earnings performance.
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at $1.59 per share, indicating an improvement of 44.6% from the prior-year quarter’s reported figure.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for SEDG this time. 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.
SolarEdge has an Earnings ESP of +11.48% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are three solar companies that you may want to consider as these have the right combination of elements to post an earnings beat this season:
Maxeon Solar Technologies (MAXN - Free Report) currently has an Earnings ESP of +18.40% and a Zacks Rank #2. The Zacks Consensus Estimate for fourth-quarter earnings is pegged at a loss of $1.25 per share, suggesting an improvement from the year-ago quarter’s loss of $1.81 You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Maxeon’s fourth-quarter sales suggests year-over-year growth of 42.2% from the prior-year reported figure. MAXN has a four-quarter negative earnings surprise of 9.26%, on average.
First Solar (FSLR - Free Report) currently has an Earnings ESP of +2.81% and a Zacks Rank #1. The Zacks Consensus Estimate for First Solar’s fourth-quarter sales indicates year-over-year growth of 9.9% from the prior-year reported figure.
The Zacks Consensus Estimate for First Solar’s fourth-quarter loss, pegged at 18 cents per share, indicates year-over-year improvement from the prior-year reported figure. It has a four-quarter average negative earnings surprise of 2.93%.
Sunnova Energy International (NOVA - Free Report) currently has an Earnings ESP of +21.28% and a Zacks Rank #3. The Zacks Consensus Estimate for fourth-quarter earnings, pegged at a loss of 47 cents per share, implies a year-over-year decline from the prior-year reported figure.
The Zacks Consensus Estimate for Sunnova’s fourth-quarter sales, pegged at $147.9 million, suggests a year-over-year improvement of 127.5% from the prior-year reported figure. NOVA delivered a negative earnings surprise of 11.87% in the last reported quarter.
Image: Bigstock
SolarEdge (SEDG) Set to Post Q4 Earnings: What's in the Cards?
SolarEdge Technologies, Inc. (SEDG - Free Report) is slated to report fourth-quarter and full-year 2022 results on Feb 13, after the closing bell.
In the last reported quarter, the company delivered a negative earnings surprise of 36.36%. SEDG has a trailing four-quarter negative earnings surprise of 22.37%, on average.
Factors to Note
Solid shipment of the company’s DC-optimized inverters, along with residential batteries, is likely to have benefited SolarEdge’s overall Q4 top line.
Strong sales growth in both Europe and the United States are expected to have aided the company’s sales growth in the fourth quarter, buoyed by its strong product portfolio and presence in these regions. In addition, the upcoming results are likely to reflect growing momentum of SolarEdge’s products in Vietnam, China, Taiwan, South Africa as well as Australia.
SolarEdge Technologies, Inc. Price and EPS Surprise
SolarEdge Technologies, Inc. price-eps-surprise | SolarEdge Technologies, Inc. Quote
On the product front, growing demand for its single-phase battery, particularly in Australia, South Africa and the United Kingdom, is expected to have benefited the fourth-quarter top line. Also, the launch of its Sense Connect technology at the onset of Q4 might have added impetus to its overall result.
The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $875.4 million, suggesting growth of 58.6% from the year-ago quarter’s reported number.
Solid revenue growth is likely to have aided the margin performance in the soon-to-be-reported quarter. This may have benefited the company’s bottom line in the fourth quarter of 2022.
However, foreign currency movements are likely to have some negative impact on the overall Q4 earnings performance.
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at $1.59 per share, indicating an improvement of 44.6% from the prior-year quarter’s reported figure.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for SEDG this time. 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.
SolarEdge has an Earnings ESP of +11.48% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are three solar companies that you may want to consider as these have the right combination of elements to post an earnings beat this season:
Maxeon Solar Technologies (MAXN - Free Report) currently has an Earnings ESP of +18.40% and a Zacks Rank #2. The Zacks Consensus Estimate for fourth-quarter earnings is pegged at a loss of $1.25 per share, suggesting an improvement from the year-ago quarter’s loss of $1.81 You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Maxeon’s fourth-quarter sales suggests year-over-year growth of 42.2% from the prior-year reported figure. MAXN has a four-quarter negative earnings surprise of 9.26%, on average.
First Solar (FSLR - Free Report) currently has an Earnings ESP of +2.81% and a Zacks Rank #1. The Zacks Consensus Estimate for First Solar’s fourth-quarter sales indicates year-over-year growth of 9.9% from the prior-year reported figure.
The Zacks Consensus Estimate for First Solar’s fourth-quarter loss, pegged at 18 cents per share, indicates year-over-year improvement from the prior-year reported figure. It has a four-quarter average negative earnings surprise of 2.93%.
Sunnova Energy International (NOVA - Free Report) currently has an Earnings ESP of +21.28% and a Zacks Rank #3. The Zacks Consensus Estimate for fourth-quarter earnings, pegged at a loss of 47 cents per share, implies a year-over-year decline from the prior-year reported figure.
The Zacks Consensus Estimate for Sunnova’s fourth-quarter sales, pegged at $147.9 million, suggests a year-over-year improvement of 127.5% from the prior-year reported figure. NOVA delivered a negative earnings surprise of 11.87% in the last reported quarter.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.