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Sunrun (RUN) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Sunrun (RUN - Free Report) closed at $19.21, marking a -0.52% move from the previous day. This change lagged the S&P 500's 0.62% gain on the day. Meanwhile, the Dow gained 0.5%, and the Nasdaq, a tech-heavy index, lost 5.66%.
Prior to today's trading, shares of the solar energy products distributor had gained 11.49% over the past month. This has outpaced the Oils-Energy sector's gain of 2.66% and the S&P 500's gain of 3.44% in that time.
Investors will be hoping for strength from Sunrun as it approaches its next earnings release. On that day, Sunrun is projected to report earnings of -$0.28 per share, which would represent a year-over-year decline of 366.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $613.95 million, up 5.02% from the year-ago period.
RUN's full-year Zacks Consensus Estimates are calling for earnings of -$1.51 per share and revenue of $2.42 billion. These results would represent year-over-year changes of -288.75% and +4.45%, respectively.
Any recent changes to analyst estimates for Sunrun should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate has moved 19.11% lower. Sunrun is currently a Zacks Rank #3 (Hold).
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 107, putting it in the top 43% 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 RUN in the coming trading sessions, be sure to utilize Zacks.com.
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Sunrun (RUN) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Sunrun (RUN - Free Report) closed at $19.21, marking a -0.52% move from the previous day. This change lagged the S&P 500's 0.62% gain on the day. Meanwhile, the Dow gained 0.5%, and the Nasdaq, a tech-heavy index, lost 5.66%.
Prior to today's trading, shares of the solar energy products distributor had gained 11.49% over the past month. This has outpaced the Oils-Energy sector's gain of 2.66% and the S&P 500's gain of 3.44% in that time.
Investors will be hoping for strength from Sunrun as it approaches its next earnings release. On that day, Sunrun is projected to report earnings of -$0.28 per share, which would represent a year-over-year decline of 366.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $613.95 million, up 5.02% from the year-ago period.
RUN's full-year Zacks Consensus Estimates are calling for earnings of -$1.51 per share and revenue of $2.42 billion. These results would represent year-over-year changes of -288.75% and +4.45%, respectively.
Any recent changes to analyst estimates for Sunrun should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate has moved 19.11% lower. Sunrun is currently a Zacks Rank #3 (Hold).
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 107, putting it in the top 43% 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 RUN in the coming trading sessions, be sure to utilize Zacks.com.