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Enphase Energy (ENPH) Declines More Than Market: Some Information for Investors
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In the latest trading session, Enphase Energy (ENPH - Free Report) closed at $42.60, marking a -1.71% move from the previous day. This move lagged the S&P 500's daily loss of 1.52%. On the other hand, the Dow registered a loss of 1.56%, and the technology-centric Nasdaq decreased by 1.78%.
Coming into today, shares of the solar technology company had lost 10.14% in the past month. In that same time, the Oils-Energy sector gained 5.1%, while the S&P 500 lost 2.25%.
Market participants will be closely following the financial results of Enphase Energy in its upcoming release. It is anticipated that the company will report an EPS of $0.43, marking a 36.76% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $283.4 million, down 20.41% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.2 per share and a revenue of $1.25 billion, indicating changes of -25.68% and -14.85%, respectively, from the former year.
Investors might also notice recent changes to 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 business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.39% rise in the Zacks Consensus EPS estimate. Enphase Energy is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Enphase Energy is at present trading with a Forward P/E ratio of 19.66. This signifies a premium in comparison to the average Forward P/E of 17.91 for its industry.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
View the Zacks #1 Rank List
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Enphase Energy (ENPH) Declines More Than Market: Some Information for Investors
In the latest trading session, Enphase Energy (ENPH - Free Report) closed at $42.60, marking a -1.71% move from the previous day. This move lagged the S&P 500's daily loss of 1.52%. On the other hand, the Dow registered a loss of 1.56%, and the technology-centric Nasdaq decreased by 1.78%.
Coming into today, shares of the solar technology company had lost 10.14% in the past month. In that same time, the Oils-Energy sector gained 5.1%, while the S&P 500 lost 2.25%.
Market participants will be closely following the financial results of Enphase Energy in its upcoming release. It is anticipated that the company will report an EPS of $0.43, marking a 36.76% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $283.4 million, down 20.41% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.2 per share and a revenue of $1.25 billion, indicating changes of -25.68% and -14.85%, respectively, from the former year.
Investors might also notice recent changes to 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 business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.39% rise in the Zacks Consensus EPS estimate. Enphase Energy is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Enphase Energy is at present trading with a Forward P/E ratio of 19.66. This signifies a premium in comparison to the average Forward P/E of 17.91 for its industry.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.