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.
Here's Why Enphase Energy (ENPH) Fell More Than Broader Market
Read MoreHide Full Article
Enphase Energy (ENPH - Free Report) closed the most recent trading day at $47.21, moving -1.28% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.01%. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq depreciated by 0.46%.
The solar technology company's shares have seen a decrease of 31.96% over the last month, not keeping up with the Oils-Energy sector's loss of 9.23% and the S&P 500's loss of 1.4%.
Market participants will be closely following the financial results of Enphase Energy in its upcoming release. It is anticipated that the company will report an EPS of $0.46, marking a 33.33% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $291.74 million, down 19.66% from the prior-year quarter.
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 should also note any recent changes to analyst estimates for Enphase Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 witnessed an unchanged state. Enphase Energy is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Enphase Energy is holding a Forward P/E ratio of 22.52. For comparison, its industry has an average Forward P/E of 22.52, which means Enphase Energy is trading at no noticeable deviation to the group.
The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 176, placing it within the bottom 28% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.
View the Zacks #1 Rank List
Image: Bigstock
Here's Why Enphase Energy (ENPH) Fell More Than Broader Market
Enphase Energy (ENPH - Free Report) closed the most recent trading day at $47.21, moving -1.28% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.01%. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq depreciated by 0.46%.
The solar technology company's shares have seen a decrease of 31.96% over the last month, not keeping up with the Oils-Energy sector's loss of 9.23% and the S&P 500's loss of 1.4%.
Market participants will be closely following the financial results of Enphase Energy in its upcoming release. It is anticipated that the company will report an EPS of $0.46, marking a 33.33% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $291.74 million, down 19.66% from the prior-year quarter.
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 should also note any recent changes to analyst estimates for Enphase Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 witnessed an unchanged state. Enphase Energy is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Enphase Energy is holding a Forward P/E ratio of 22.52. For comparison, its industry has an average Forward P/E of 22.52, which means Enphase Energy is trading at no noticeable deviation to the group.
The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 176, placing it within the bottom 28% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.