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Enphase Energy (ENPH) Stock Moves -0.8%: What You Should Know
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Enphase Energy (ENPH - Free Report) closed at $58.01 in the latest trading session, marking a -0.8% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.91%. Meanwhile, the Dow experienced a drop of 1.5%, and the technology-dominated Nasdaq saw a decrease of 1.96%.
Shares of the solar technology company have depreciated by 4.32% over the course of the past month, underperforming the Oils-Energy sector's loss of 4.23% and outperforming the S&P 500's loss of 7.38%.
Market participants will be closely following the financial results of Enphase Energy in its upcoming release. In that report, analysts expect Enphase Energy to post earnings of $0.70 per share. This would mark year-over-year growth of 100%. In the meantime, our current consensus estimate forecasts the revenue to be $359.08 million, indicating a 36.36% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.35 per share and a revenue of $1.54 billion, signifying shifts of +41.35% and +15.7%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Enphase Energy. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.23% lower. Enphase Energy is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Enphase Energy is holding a Forward P/E ratio of 17.47. This represents a premium compared to its industry's average Forward P/E of 9.22.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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Enphase Energy (ENPH) Stock Moves -0.8%: What You Should Know
Enphase Energy (ENPH - Free Report) closed at $58.01 in the latest trading session, marking a -0.8% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.91%. Meanwhile, the Dow experienced a drop of 1.5%, and the technology-dominated Nasdaq saw a decrease of 1.96%.
Shares of the solar technology company have depreciated by 4.32% over the course of the past month, underperforming the Oils-Energy sector's loss of 4.23% and outperforming the S&P 500's loss of 7.38%.
Market participants will be closely following the financial results of Enphase Energy in its upcoming release. In that report, analysts expect Enphase Energy to post earnings of $0.70 per share. This would mark year-over-year growth of 100%. In the meantime, our current consensus estimate forecasts the revenue to be $359.08 million, indicating a 36.36% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.35 per share and a revenue of $1.54 billion, signifying shifts of +41.35% and +15.7%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Enphase Energy. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.23% lower. Enphase Energy is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Enphase Energy is holding a Forward P/E ratio of 17.47. This represents a premium compared to its industry's average Forward P/E of 9.22.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.