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Enphase Energy (ENPH) Stock Dips While Market Gains: Key Facts
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Enphase Energy (ENPH - Free Report) closed the most recent trading day at $40.88, moving -4.93% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.52%. Elsewhere, the Dow gained 1%, while the tech-heavy Nasdaq added 0.52%.
The solar technology company's shares have seen an increase of 9.58% over the last month, surpassing the Oils-Energy sector's gain of 5.34% and the S&P 500's gain of 5.95%.
Investors will be eagerly watching for the performance of Enphase Energy in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.62, signifying a 44.19% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $355.7 million, indicating a 17.21% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.44 per share and a revenue of $1.43 billion, representing changes of +2.95% and +7.2%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Enphase Energy. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. The Zacks Consensus EPS estimate has moved 0.69% lower within the past month. Enphase Energy currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Enphase Energy is currently trading at a Forward P/E ratio of 17.65. This denotes a premium relative to the industry average Forward P/E of 15.16.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 147, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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Enphase Energy (ENPH) Stock Dips While Market Gains: Key Facts
Enphase Energy (ENPH - Free Report) closed the most recent trading day at $40.88, moving -4.93% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.52%. Elsewhere, the Dow gained 1%, while the tech-heavy Nasdaq added 0.52%.
The solar technology company's shares have seen an increase of 9.58% over the last month, surpassing the Oils-Energy sector's gain of 5.34% and the S&P 500's gain of 5.95%.
Investors will be eagerly watching for the performance of Enphase Energy in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.62, signifying a 44.19% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $355.7 million, indicating a 17.21% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.44 per share and a revenue of $1.43 billion, representing changes of +2.95% and +7.2%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Enphase Energy. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. The Zacks Consensus EPS estimate has moved 0.69% lower within the past month. Enphase Energy currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Enphase Energy is currently trading at a Forward P/E ratio of 17.65. This denotes a premium relative to the industry average Forward P/E of 15.16.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 147, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.