We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SolarEdge Technologies (SEDG) Stock Drops Despite Market Gains: Important Facts to Note
Read MoreHide Full Article
The most recent trading session ended with SolarEdge Technologies (SEDG - Free Report) standing at $62.25, reflecting a -0.72% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.57%. At the same time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 0.39%.
The photovoltaic products maker's shares have seen a decrease of 26.29% over the last month, not keeping up with the Oils-Energy sector's gain of 4.48% and the S&P 500's gain of 2.97%.
Analysts and investors alike will be keeping a close eye on the performance of SolarEdge Technologies in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$1.51, showcasing a 152.07% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $200.15 million, down 78.79% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$1.69 per share and a revenue of $1.66 billion, demonstrating changes of -141.02% and -44.23%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SolarEdge Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 180.49% decrease. SolarEdge Technologies is currently a Zacks Rank #3 (Hold).
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
SolarEdge Technologies (SEDG) Stock Drops Despite Market Gains: Important Facts to Note
The most recent trading session ended with SolarEdge Technologies (SEDG - Free Report) standing at $62.25, reflecting a -0.72% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.57%. At the same time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 0.39%.
The photovoltaic products maker's shares have seen a decrease of 26.29% over the last month, not keeping up with the Oils-Energy sector's gain of 4.48% and the S&P 500's gain of 2.97%.
Analysts and investors alike will be keeping a close eye on the performance of SolarEdge Technologies in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$1.51, showcasing a 152.07% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $200.15 million, down 78.79% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$1.69 per share and a revenue of $1.66 billion, demonstrating changes of -141.02% and -44.23%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SolarEdge Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 180.49% decrease. SolarEdge Technologies is currently a Zacks Rank #3 (Hold).
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.