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Enphase Energy (ENPH) Registers a Bigger Fall Than the Market: Important Facts to Note
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Enphase Energy (ENPH - Free Report) closed at $35.56 in the latest trading session, marking a -3.16% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.45%. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 0.01%.
Shares of the solar technology company witnessed a loss of 2.29% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 3.72%, and outperforming the S&P 500's loss of 2.43%.
The investment community will be closely monitoring the performance of Enphase Energy in its forthcoming earnings report. 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, our latest consensus estimate is calling for revenue of $306.7 million, down 25.27% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.01 per share and revenue of $1.2 billion, indicating changes of -32.09% and -18.31%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Enphase Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.69% lower within the past month. Enphase Energy is currently a Zacks Rank #3 (Hold).
Looking at valuation, Enphase Energy is presently trading at a Forward P/E ratio of 18.23. This signifies a premium in comparison to the average Forward P/E of 11.38 for its industry.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 232, positioning it in the bottom 6% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Enphase Energy (ENPH) Registers a Bigger Fall Than the Market: Important Facts to Note
Enphase Energy (ENPH - Free Report) closed at $35.56 in the latest trading session, marking a -3.16% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.45%. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 0.01%.
Shares of the solar technology company witnessed a loss of 2.29% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 3.72%, and outperforming the S&P 500's loss of 2.43%.
The investment community will be closely monitoring the performance of Enphase Energy in its forthcoming earnings report. 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, our latest consensus estimate is calling for revenue of $306.7 million, down 25.27% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.01 per share and revenue of $1.2 billion, indicating changes of -32.09% and -18.31%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Enphase Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.69% lower within the past month. Enphase Energy is currently a Zacks Rank #3 (Hold).
Looking at valuation, Enphase Energy is presently trading at a Forward P/E ratio of 18.23. This signifies a premium in comparison to the average Forward P/E of 11.38 for its industry.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 232, positioning it in the bottom 6% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.