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SolarEdge Technologies (SEDG) Stock Declines While Market Improves: Some Information for Investors
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SolarEdge Technologies (SEDG - Free Report) closed the most recent trading day at $30.78, moving -1.55% from the previous trading session. This move lagged the S&P 500's daily gain of 0.62%. Meanwhile, the Dow experienced a rise of 0.99%, and the technology-dominated Nasdaq saw an increase of 0.65%.
Shares of the photovoltaic products maker have appreciated by 2.73% over the course of the past month, outperforming the Oils-Energy sector's gain of 0.26%, and the S&P 500's gain of 0.59%.
The upcoming earnings release of SolarEdge Technologies will be of great interest to investors. The company's earnings per share (EPS) are projected to be -$0.17, reflecting a 95.17% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $329.2 million, up 67.77% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$2.65 per share and a revenue of $1.18 billion, representing changes of +88.47% and 0%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for SolarEdge Technologies. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 past month, there's been a 2.61% rise in the Zacks Consensus EPS estimate. SolarEdge Technologies is currently a Zacks Rank #2 (Buy).
In terms of valuation, SolarEdge Technologies is currently trading at a Forward P/E ratio of 185.24. This represents a premium compared to its industry average Forward P/E of 19.41.
The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 59, this industry ranks in the top 25% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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SolarEdge Technologies (SEDG) Stock Declines While Market Improves: Some Information for Investors
SolarEdge Technologies (SEDG - Free Report) closed the most recent trading day at $30.78, moving -1.55% from the previous trading session. This move lagged the S&P 500's daily gain of 0.62%. Meanwhile, the Dow experienced a rise of 0.99%, and the technology-dominated Nasdaq saw an increase of 0.65%.
Shares of the photovoltaic products maker have appreciated by 2.73% over the course of the past month, outperforming the Oils-Energy sector's gain of 0.26%, and the S&P 500's gain of 0.59%.
The upcoming earnings release of SolarEdge Technologies will be of great interest to investors. The company's earnings per share (EPS) are projected to be -$0.17, reflecting a 95.17% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $329.2 million, up 67.77% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$2.65 per share and a revenue of $1.18 billion, representing changes of +88.47% and 0%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for SolarEdge Technologies. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 past month, there's been a 2.61% rise in the Zacks Consensus EPS estimate. SolarEdge Technologies is currently a Zacks Rank #2 (Buy).
In terms of valuation, SolarEdge Technologies is currently trading at a Forward P/E ratio of 185.24. This represents a premium compared to its industry average Forward P/E of 19.41.
The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 59, this industry ranks in the top 25% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.