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) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Read MoreHide Full Article
Enphase Energy (ENPH - Free Report) closed at $36.72 in the latest trading session, marking a -5.43% move from the prior day. This change lagged the S&P 500's 0.48% loss on the day. On the other hand, the Dow registered a loss of 0.77%, and the technology-centric Nasdaq decreased by 0.64%.
Prior to today's trading, shares of the solar technology company had lost 8.2% lagged the Oils-Energy sector's gain of 8.39% and the S&P 500's loss of 0.97%.
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 $0.48, marking a 46.67% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $306.7 million, down 25.27% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.01 per share and revenue of $1.2 billion. These totals would mark changes of -32.09% and -18.31%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Enphase Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. Over the past month, the Zacks Consensus EPS estimate has shifted 2.69% downward. Enphase Energy is currently a Zacks Rank #3 (Hold).
Looking at valuation, Enphase Energy is presently trading at a Forward P/E ratio of 19.28. This expresses a premium compared to the average Forward P/E of 12 of its industry.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Enphase Energy (ENPH) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Enphase Energy (ENPH - Free Report) closed at $36.72 in the latest trading session, marking a -5.43% move from the prior day. This change lagged the S&P 500's 0.48% loss on the day. On the other hand, the Dow registered a loss of 0.77%, and the technology-centric Nasdaq decreased by 0.64%.
Prior to today's trading, shares of the solar technology company had lost 8.2% lagged the Oils-Energy sector's gain of 8.39% and the S&P 500's loss of 0.97%.
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 $0.48, marking a 46.67% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $306.7 million, down 25.27% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.01 per share and revenue of $1.2 billion. These totals would mark changes of -32.09% and -18.31%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Enphase Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. Over the past month, the Zacks Consensus EPS estimate has shifted 2.69% downward. Enphase Energy is currently a Zacks Rank #3 (Hold).
Looking at valuation, Enphase Energy is presently trading at a Forward P/E ratio of 19.28. This expresses a premium compared to the average Forward P/E of 12 of its industry.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.