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) Falls More Steeply Than Broader Market: What Investors Need to Know
Read MoreHide Full Article
In the latest close session, Sunrun (RUN - Free Report) was down 3.65% at $12.14. This change lagged the S&P 500's 0.4% loss on the day. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq lost 0.73%.
Heading into today, shares of the solar energy products distributor had lost 4.91% over the past month, lagging the Oils-Energy sector's gain of 10.64% and outpacing the S&P 500's loss of 7.34%.
The investment community will be paying close attention to the earnings performance of Sunrun in its upcoming release. In that report, analysts expect Sunrun to post earnings of -$0.09 per share. This would mark a year-over-year decline of 145%. Alongside, our most recent consensus estimate is anticipating revenue of $679.91 million, indicating a 34.83% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.64 per share and revenue of $3.21 billion, indicating changes of -62.57% and +8.5%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sunrun. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 76.15% higher. Sunrun is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Sunrun is currently being traded at a Forward P/E ratio of 19.64. This expresses a premium compared to the average Forward P/E of 17.17 of its industry.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 27% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in 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) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest close session, Sunrun (RUN - Free Report) was down 3.65% at $12.14. This change lagged the S&P 500's 0.4% loss on the day. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq lost 0.73%.
Heading into today, shares of the solar energy products distributor had lost 4.91% over the past month, lagging the Oils-Energy sector's gain of 10.64% and outpacing the S&P 500's loss of 7.34%.
The investment community will be paying close attention to the earnings performance of Sunrun in its upcoming release. In that report, analysts expect Sunrun to post earnings of -$0.09 per share. This would mark a year-over-year decline of 145%. Alongside, our most recent consensus estimate is anticipating revenue of $679.91 million, indicating a 34.83% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.64 per share and revenue of $3.21 billion, indicating changes of -62.57% and +8.5%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sunrun. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 76.15% higher. Sunrun is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Sunrun is currently being traded at a Forward P/E ratio of 19.64. This expresses a premium compared to the average Forward P/E of 17.17 of its industry.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 27% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.