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.
Enphase Energy (ENPH) Stock Falls Amid Market Uptick: What Investors Need to Know
Read MoreHide Full Article
Enphase Energy (ENPH - Free Report) closed the most recent trading day at $52.39, moving -4.02% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 1.65%. Elsewhere, the Dow saw an upswing of 0.92%, while the tech-heavy Nasdaq appreciated by 3.07%.
Heading into today, shares of the solar technology company had gained 3.21% over the past month, outpacing the Oils-Energy sector's loss of 2.71% and the S&P 500's gain of 0.48%.
Market participants will be closely following the financial results of Enphase Energy in its upcoming release. The company's earnings per share (EPS) are projected to be $0.46, reflecting a 33.33% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $291.74 million, indicating a 19.66% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.12 per share and revenue of $1.23 billion, indicating changes of -28.38% and -16.78%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Enphase Energy. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Enphase Energy boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Enphase Energy is holding a Forward P/E ratio of 25.71. This denotes a premium relative to the industry average Forward P/E of 20.45.
The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 168, this industry ranks in the bottom 32% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Enphase Energy (ENPH) Stock Falls Amid Market Uptick: What Investors Need to Know
Enphase Energy (ENPH - Free Report) closed the most recent trading day at $52.39, moving -4.02% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 1.65%. Elsewhere, the Dow saw an upswing of 0.92%, while the tech-heavy Nasdaq appreciated by 3.07%.
Heading into today, shares of the solar technology company had gained 3.21% over the past month, outpacing the Oils-Energy sector's loss of 2.71% and the S&P 500's gain of 0.48%.
Market participants will be closely following the financial results of Enphase Energy in its upcoming release. The company's earnings per share (EPS) are projected to be $0.46, reflecting a 33.33% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $291.74 million, indicating a 19.66% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.12 per share and revenue of $1.23 billion, indicating changes of -28.38% and -16.78%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Enphase Energy. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Enphase Energy boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Enphase Energy is holding a Forward P/E ratio of 25.71. This denotes a premium relative to the industry average Forward P/E of 20.45.
The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 168, this industry ranks in the bottom 32% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.