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Maxeon Solar Technologies, Ltd. (MAXN) Flat As Market Gains: What You Should Know
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Maxeon Solar Technologies, Ltd. (MAXN - Free Report) closed the latest trading day at $7.32, indicating no change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.73%. Elsewhere, the Dow gained 0.62%, while the tech-heavy Nasdaq added 0.93%.
Shares of the company witnessed a loss of 39.75% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 0.7% and the S&P 500's loss of 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Maxeon Solar Technologies, Ltd. in its upcoming earnings disclosure. The company's earnings report is set to go public on November 15, 2023. The company's upcoming EPS is projected at -$0.86, signifying a 21.1% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $226.93 million, down 17.61% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$1.19 per share and a revenue of $1.18 billion, demonstrating changes of +81.8% and +10.85%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Maxeon Solar Technologies, Ltd. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3573.85% lower. Maxeon Solar Technologies, Ltd. currently has a Zacks Rank of #4 (Sell).
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 173, finds itself in the bottom 32% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Maxeon Solar Technologies, Ltd. (MAXN) Flat As Market Gains: What You Should Know
Maxeon Solar Technologies, Ltd. (MAXN - Free Report) closed the latest trading day at $7.32, indicating no change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.73%. Elsewhere, the Dow gained 0.62%, while the tech-heavy Nasdaq added 0.93%.
Shares of the company witnessed a loss of 39.75% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 0.7% and the S&P 500's loss of 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Maxeon Solar Technologies, Ltd. in its upcoming earnings disclosure. The company's earnings report is set to go public on November 15, 2023. The company's upcoming EPS is projected at -$0.86, signifying a 21.1% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $226.93 million, down 17.61% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$1.19 per share and a revenue of $1.18 billion, demonstrating changes of +81.8% and +10.85%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Maxeon Solar Technologies, Ltd. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3573.85% lower. Maxeon Solar Technologies, Ltd. currently has a Zacks Rank of #4 (Sell).
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 173, finds itself in the bottom 32% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.