We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Sunrun (RUN) Rises As Market Takes a Dip: Key Facts
Read MoreHide Full Article
In the latest trading session, Sunrun (RUN - Free Report) closed at $13.08, marking a +2.27% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.28%. Meanwhile, the Dow experienced a drop of 0.44%, and the technology-dominated Nasdaq saw a decrease of 0.28%.
Coming into today, shares of the solar energy products distributor had lost 36.5% in the past month. In that same time, the Oils-Energy sector gained 8.87%, while the S&P 500 lost 3.59%.
The investment community will be paying close attention to the earnings performance of Sunrun in its upcoming release. The company is predicted to post an EPS of -$0.09, indicating a 145% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $679.91 million, up 34.83% from the year-ago period.
RUN's full-year Zacks Consensus Estimates are calling for earnings of $0.64 per share and revenue of $3.21 billion. These results would represent year-over-year changes of -62.57% and +8.5%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Sunrun. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 past month, the Zacks Consensus EPS estimate has moved 76.15% higher. Sunrun is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Sunrun is at present trading with a Forward P/E ratio of 19.94. For comparison, its industry has an average Forward P/E of 17.48, which means Sunrun is trading at a premium to the group.
The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 182, this industry ranks in the bottom 26% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Sunrun (RUN) Rises As Market Takes a Dip: Key Facts
In the latest trading session, Sunrun (RUN - Free Report) closed at $13.08, marking a +2.27% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.28%. Meanwhile, the Dow experienced a drop of 0.44%, and the technology-dominated Nasdaq saw a decrease of 0.28%.
Coming into today, shares of the solar energy products distributor had lost 36.5% in the past month. In that same time, the Oils-Energy sector gained 8.87%, while the S&P 500 lost 3.59%.
The investment community will be paying close attention to the earnings performance of Sunrun in its upcoming release. The company is predicted to post an EPS of -$0.09, indicating a 145% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $679.91 million, up 34.83% from the year-ago period.
RUN's full-year Zacks Consensus Estimates are calling for earnings of $0.64 per share and revenue of $3.21 billion. These results would represent year-over-year changes of -62.57% and +8.5%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Sunrun. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 past month, the Zacks Consensus EPS estimate has moved 76.15% higher. Sunrun is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Sunrun is at present trading with a Forward P/E ratio of 19.94. For comparison, its industry has an average Forward P/E of 17.48, which means Sunrun is trading at a premium to the group.
The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 182, this industry ranks in the bottom 26% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.