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SolarEdge Technologies (SEDG) Stock Dips While Market Gains: Key Facts
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SolarEdge Technologies (SEDG - Free Report) ended the recent trading session at $60.19, demonstrating a -1% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 1.65%. At the same time, the Dow added 0.92%, and the tech-heavy Nasdaq gained 3.07%.
Heading into today, shares of the photovoltaic products maker had lost 1.55% over the past month, outpacing the Oils-Energy sector's loss of 2.71% and lagging the S&P 500's gain of 0.48%.
Investors will be eagerly watching for the performance of SolarEdge Technologies in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.04, reflecting a 104.94% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $341.66 million, showing a 18.04% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.03 per share and a revenue of $1.4 billion, representing changes of +101.26% and +18.44%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SolarEdge Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. 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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. SolarEdge Technologies presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that SolarEdge Technologies has a Forward P/E ratio of 2128 right now. This expresses a premium compared to the average Forward P/E of 20.45 of its industry.
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 168, finds itself in the bottom 32% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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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SolarEdge Technologies (SEDG) Stock Dips While Market Gains: Key Facts
SolarEdge Technologies (SEDG - Free Report) ended the recent trading session at $60.19, demonstrating a -1% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 1.65%. At the same time, the Dow added 0.92%, and the tech-heavy Nasdaq gained 3.07%.
Heading into today, shares of the photovoltaic products maker had lost 1.55% over the past month, outpacing the Oils-Energy sector's loss of 2.71% and lagging the S&P 500's gain of 0.48%.
Investors will be eagerly watching for the performance of SolarEdge Technologies in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.04, reflecting a 104.94% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $341.66 million, showing a 18.04% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.03 per share and a revenue of $1.4 billion, representing changes of +101.26% and +18.44%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SolarEdge Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. 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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. SolarEdge Technologies presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that SolarEdge Technologies has a Forward P/E ratio of 2128 right now. This expresses a premium compared to the average Forward P/E of 20.45 of its industry.
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 168, finds itself in the bottom 32% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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.