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SolarEdge Technologies (SEDG) Rises As Market Takes a Dip: Key Facts
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In the latest trading session, SolarEdge Technologies (SEDG - Free Report) closed at $40.57, marking a +1.88% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.64%. On the other hand, the Dow registered a loss of 0.59%, and the technology-centric Nasdaq decreased by 0.59%.
The photovoltaic products maker's stock has dropped by 14.79% in the past month, falling short of the Oils-Energy sector's loss of 3.68% and the S&P 500's gain of 9.33%.
The upcoming earnings release of SolarEdge Technologies will be of great interest to investors. The company is expected to report EPS of -$0.23, up 79.82% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $303.42 million, reflecting a 38.24% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.17 per share and revenue of $1.39 billion. These totals would mark changes of +107.14% and +17.16%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for SolarEdge Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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, there's been a 10.51% fall in the Zacks Consensus EPS estimate. Currently, SolarEdge Technologies is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, SolarEdge Technologies is currently exchanging hands at a Forward P/E ratio of 241.33. Its industry sports an average Forward P/E of 16.14, so one might conclude that SolarEdge Technologies is trading at a premium comparatively.
The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 206, placing it within the bottom 16% of over 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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SolarEdge Technologies (SEDG) Rises As Market Takes a Dip: Key Facts
In the latest trading session, SolarEdge Technologies (SEDG - Free Report) closed at $40.57, marking a +1.88% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.64%. On the other hand, the Dow registered a loss of 0.59%, and the technology-centric Nasdaq decreased by 0.59%.
The photovoltaic products maker's stock has dropped by 14.79% in the past month, falling short of the Oils-Energy sector's loss of 3.68% and the S&P 500's gain of 9.33%.
The upcoming earnings release of SolarEdge Technologies will be of great interest to investors. The company is expected to report EPS of -$0.23, up 79.82% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $303.42 million, reflecting a 38.24% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.17 per share and revenue of $1.39 billion. These totals would mark changes of +107.14% and +17.16%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for SolarEdge Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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, there's been a 10.51% fall in the Zacks Consensus EPS estimate. Currently, SolarEdge Technologies is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, SolarEdge Technologies is currently exchanging hands at a Forward P/E ratio of 241.33. Its industry sports an average Forward P/E of 16.14, so one might conclude that SolarEdge Technologies is trading at a premium comparatively.
The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 206, placing it within the bottom 16% of over 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.